Bitcoin Set to Soar: One of America’s Oldest Investment Banks Forecasts $225K
H.C. Wainwright & Co. analyst Mike Colonnese predicts that bitcoin (BTC) could reach $225,000 by the end of 2025, driven by clearer regulations, the potential for spot ETFs, and increased institutional adoption.
He notes that favorable regulatory conditions, especially under the new U.S. administration, combined with growing investor interest, are key factors contributing to this bullish forecast.
However, Colonnese also cautioned about the potential for significant volatility, with bitcoin’s price historically correlated to global liquidity trends. Despite these uncertainties, experts are optimistic about bitcoin’s future, fueled by both technological advancements and institutional backing.
Clever Robot News Desk 5th January 2025
