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Market Cap
24h Vol
11460
Cryptocurrencies
58.72%
Bitcoin Share
BitcoinSistemi 2024-11-29 20:38:07

Analyst Says “There is No Bitcoin in the Market to Meet Demand”, Shares Price Target

Analyst Says “There is No Bitcoin in the Market to Meet Demand”, Shares Price Target

The recent rise in Bitcoin may have entered a temporary pause, but Frank Speiser, CEO of predictive trading platform Metafide, continues to speak assertively about BTC’s long-term prospects. Speiser outlined his prediction that Bitcoin could reach $250,000 by the end of 2025 and $500,000 by the end of 2027. According to Speiser, Bitcoin’s scarcity is becoming a major factor determining its price potential. “Right now, there’s not enough Bitcoin to meet demand,” Speiser said, adding that record inflows into Bitcoin ETFs and increasing institutional interest are important factors. He also pointed to the U.S. government’s plans to set up a Bitcoin strategic reserve as a potential catalyst for demand. “If the U.S. is doing this, other countries are going to have to adapt and make moves,” Speiser said, though he acknowledged that the impact of such announcements has yet to be fully realized in the market. Related News: Coinbase Decides Not to Enter the Turkish Market Unlike previous Bitcoin rallies, which were largely driven by retail investors, Speiser noted that the current surge is being led by institutions. However, he noted that there has been a recent increase in retail activity, suggesting that retail investors are starting to re-enter the market. “A lot of the previous rallies were driven by retail investors, but this one was driven by institutions. Now you’re going to see retail trading come to the top,” he said. Traditional volume analysis does not fully account for the current market environment, Speiser explained, because institutional buyers are disrupting historical patterns. “Volumes this cycle are not matching previous volumes because large institutional buyers are rapidly removing Bitcoin from trading pools,” he said. This dynamic, combined with the speed at which transactions are occurring, has created a scenario where Bitcoin’s price floor remains resilient. “When Bitcoin prices fall, funds quickly buy at a discount knowing that the asset will recover and rise,” Speiser added. *This is not investment advice. Continue Reading: Analyst Says “There is No Bitcoin in the Market to Meet Demand”, Shares Price Target

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Market Cap
24h Vol
58.72%
Bitcoin Share
730
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