InvestAnswers Reveals 2025 'Max Upside' Price Target for Bitcoin (BTC)
A highly regarded cryptocurrency analyst delineates the upper limits of his 2025 price target for Bitcoin (BTC).
In a recent YouTube video, the anonymous host of InvestAnswers, addressing his 447,000 subscribers, emphasizes that his Bitcoin (BTC) price target for 2025 hinges on various factors, including on-chain supply dynamics, the fate of spot BTC exchange-traded funds (ETFs) in the U.S., and the broader adoption of the leading cryptocurrency.
The host highlights the unprecedented levels reached in Bitcoin's long-term holder supply, stating, "It is insane. People are not selling."
The analyst envisions a scenario where Bitcoin could reach $89,000 in 2025, but he suggests a "max upside" of $142,000. However, he acknowledges that these targets could be revised downward if the U.S. Securities and Exchange Commission (SEC) decides against approving a spot Bitcoin ETF. Conversely, he anticipates a potentially bullish market response if the SEC gives the green light to a spot-based Bitcoin ETF.
The recent SEC delays in deciding on several spot BTC ETF applications are noted, with expectations that rulings will likely be made by early 2024.
As of the current writing, BTC is trading at $27,528, reflecting a 1.2% decrease in the past 24 hours. Despite a nearly 66% gain since the start of 2023, Bitcoin remains more than 60% below its all-time high of $69,000 reached in November 2021.
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Oct 03, 2023
