Analysts at 10x Research have made a bold prediction that Bitcoin (BTC) could hit the $100,000 mark by January 2025.
Analysts at 10x Research have made a bold prediction that Bitcoin (BTC) could hit the $100,000 mark by January 2025. This prediction is attributed to a combination of factors, including growing interest from institutions, signals significant market movements and an increase in the dominance of Bitcoin compared to Bitcoin. altcoins.
Institutional investors increasingly view Bitcoin as a stable asset, often referred to as “digital gold.” Major players in the financial sector, such as BlackRock, have contributed to this perception, suggesting a long-term investment strategy in Bitcoin. In October alone, spot Bitcoin exchange-traded funds (ETFs) attracted over $4.1 billion worth of BTC, further bolstering institutional confidence.
On the other hand, the outlook for Ethereum (ETH) seems less optimistic. Analysts at 10x Research have expressed skepticism about Ethereum’s long-term prospects due to the decline in yields seen over the past two years.
While short-term rebounds may occur, significant innovation will be required for Ethereum to change its current trajectory.
Additionally, the upcoming US presidential election is expected to be a potential catalyst for the crypto market, with predictions favoring a Donald Trump victory.
New regulations allowing companies to report their Bitcoin holdings at current market prices could also encourage broader adoption of cryptocurrencies in corporate portfolios.
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