They predict that Bitcoin could double in price by June 2025 at best.
Analysts from Bitfinex stated in a market report dated December 17 that their minimum price estimate is "$145,000 by mid-2025, and under favorable conditions, it could potentially rise to $200,000."
“We believe that any corrections in 2025 will remain moderate due to the influx of institutional capital,” the analysts note.
They highlighted that while Bitcoin is expected to experience volatility in the first quarter of 2025, the broader trend indicates further price growth driven by a continuous influx of funds into Bitcoin spot exchange-traded funds (ETFs), as well as an increase in global and institutional adoption.
According to Farside Investors, since the launch of Bitcoin ETFs in the U.S. in January, approximately $36 billion has been invested in them.
“Bitcoin ETFs represent one of the largest cohorts of Bitcoin holders, totaling over 1.13 million BTC,” the analysts state.