Reported 1 day ago
Sygnum Bank forecasts a significant increase in Bitcoin's price by 2025, primarily fueled by rising institutional investments from sovereign wealth funds and pension funds. The report discusses the 'multiplier effect' of Bitcoin-focused financial products and emphasizes Bitcoin's appeal as a scarce asset amid growing demand. Political and regulatory developments, particularly in the U.S. and among BRICS nations, could further enhance Bitcoin's adoption. Despite challenges within the broader cryptocurrency market, the outlook for Bitcoin remains optimistic, with 2025 expected to be a transformative year.
Source: YAHOO