CandleFocus

Investors in Russia expect Bitcoin to peak at $160k this cycle: report

Investors in Russia expect Bitcoin to peak at $160k this cycle: report
Russian investors are skeptical that Bitcoin will reach the $200,000 mark in the near future, despite its recent surge past $100,000. Analysts believe Bitcoin could climb as high as $160,000, but doubling its current price seems unlikely. The growth of Bitcoin is attributed to macroeconomic changes, institutional adoption, and increased attention on Bitcoin options and exchange-traded funds. However, analysts remain cautious about Bitcoin's long-term outlook, with a more conservative target of $130,000 and a more optimistic ceiling of $160,000 by mid-summer 2025. Bank of America strategist Michael Hartnett warns of potential overheating in financial markets, including Bitcoin and stocks. In the midst of Bitcoin's rise, tech giants like Amazon and Microsoft are considering adding it to their balance sheets.

Related News