brunodiasmz on Nostr: "Based on our analysis of historical price cycles and recent price action, along with ...
"Based on our analysis of historical price cycles and recent price action, along with the widely-held expectation for a more favorable regulatory environment for the digital assets industry in the U.S. in 2025 under the new administration, the availability of spot ETF [exchange-traded fund] products in the U.S., and accelerating institutional investor and corporate adoption, we now estimate that bitcoin will reach $225,000 per coin by the end of 2025," HC Wainwright analyst Mike Colonnese wrote in a note seen by CNBC. However, Colonnese said the bitcoin price could "significantly exceed" its price prediction if the U.S. implements bitcoin as a treasury reserve asset this year—something he has assigned a 60% likelihood of happening."
Published at
2025-01-07 15:10:08Event JSON
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"content": "\"Based on our analysis of historical price cycles and recent price action, along with the widely-held expectation for a more favorable regulatory environment for the digital assets industry in the U.S. in 2025 under the new administration, the availability of spot ETF [exchange-traded fund] products in the U.S., and accelerating institutional investor and corporate adoption, we now estimate that bitcoin will reach $225,000 per coin by the end of 2025,\" HC Wainwright analyst Mike Colonnese wrote in a note seen by CNBC. However, Colonnese said the bitcoin price could \"significantly exceed\" its price prediction if the U.S. implements bitcoin as a treasury reserve asset this year—something he has assigned a 60% likelihood of happening.\"",
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