Posted 3/18/2024, 9:30:00 AM
Bitcoin Surges to $68K; Analysts See Six-Figure Price by 2025 as Adoption Accelerates
- Bitcoin price has risen 65% to $68,000 since early 2024, but analysts see further upside to $150,000-$200,000 by end of 2025
- Spot Bitcoin ETF approvals in January likely to bring more investors and "unprecedented institutional adoption"
- Upcoming Bitcoin halving event in April will cut mining rewards in half, reducing selling pressure
- Bitcoin has posted triple-digit returns in the 2-year periods after previous halvings
- Bitcoin remains volatile, so investors should have a long time horizon and only allocate a small portion of portfolio