Summary
- There is a forecast that Bitcoin could reach 2.25 million dollars by the end of 2026.
- It is stated that the demand from institutional investors is increasing after the launch of Bitcoin Spot ETF.
- In the past, Bitcoin has shown a rally of about 14 to 16 months after halvings.
There is a forecast that Bitcoin could reach 2.25 million dollars by the end of 2026.
On the 28th (local time), Mark Palmer, a senior analyst at Berenberg, stated in an interview with Yahoo Finance that "Bitcoin could reach 2.25 million dollars by the end of 2026." He explained, "After the launch of Bitcoin Spot ETF, the demand from institutional investors is increasing," and "this is being driven by the entry of Gold ETF, and the buying of institutional investors is pushing up the price of gold."
He added, "After the last three halvings, Bitcoin has shown a rally of about 14 to 16 months," and "the election of Donald Trump as the presumptive nominee could have a positive impact."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
