Summary
- Matrixport stated that Bitcoin is likely to reach $160,000 by next year.
- They reported that increased institutional adoption and demand for Bitcoin Spot ETF will drive positive changes for Bitcoin.
- They analyzed that the possibility of a severe correction in Bitcoin has decreased due to the increase in large-scale buyers, highlighting the need to pay attention to future investments.
An analysis has emerged suggesting that Bitcoin will reach $160,000 next year.
On the 12th (local time), Matrixport stated on X, "Bitcoin will reach $160,000 by next year," citing "strong demand for Bitcoin Spot ETF, increased institutional adoption, regulatory clarity, and expanding use cases." They further recommended "allocating 1.55% of your portfolio to Bitcoin," highlighting "Bitcoin's proven resilience, its role as an inflation hedge, and integration into institutional portfolios as significant positive changes ahead."
Matrixport analyzed that "Bitcoin and virtual assets are likely to exceed the 8% adoption threshold by next year," and that "Bitcoin is likely to become a key element of the global financial market." They explained that exponential growth occurred in smartphones and social media once the adoption threshold exceeded 8%.
Furthermore, they assessed that the possibility of a severe correction in Bitcoin is decreasing. The report projected that "the likelihood of a severe correction has diminished due to the increase in large-scale buyers and institutional buyers of Bitcoin," and that "its maturation as an asset compared to before will also have an impact."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
