WSJ: The prediction of bitcoin rising in 2025 has not materialized
Odaily reported that the bullish predictions for bitcoin in 2025 have not met expectations. By the end of 2025, bitcoin is trading at around $88,000, down about 6% for the year. The performance of major institutional forecasts is as follows: BlackRock CEO Larry Fink stated in January that if major investors all allocate to bitcoin, its price could reach $700,000. Bernstein previously predicted that bitcoin could reach $200,000 by the end of 2025 or early 2026. Standard Chartered had set a year-end target of $200,000; although bitcoin peaked at $126,000 in October, it subsequently retreated, and the bank has since lowered its target to $100,000. Bitwise had repeatedly predicted that bitcoin would surpass $200,000 in 2025. Fundstrat co-founder Tom Lee had forecasted that bitcoin could reach $200,000 to $250,000 this year, but recently revised his statement, saying it might return above $100,000 before the end of December. ARK Investment Management CEO Cathie Wood has lowered her bullish prediction for bitcoin in 2030 from $1.5 million to $1.2 million (WSJ).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
McDonald's US Same-Store Sales May Remain Under Pressure, RBC Says
Saudi Arabia’s oil shipments to Asia surged to nearly 100 million barrels, with Aramco proactively covering transportation and delivering directly to China, India, and Japan-South Korea: Supply shortage expectations meet the reality of correction.
According to reports, since the middle of last week, Saudi Arabia has sold approximately 100 million barrels of crude oil to China, India, Japan, and South Korea, with delivery periods covering October and November. At the same time, Saudi Aramco has made a rare commitment in these transactions to handle logistics and transportation, delivering the crude oil directly to Asian customers. Previously, due to soaring oil prices, Asian refineries had been considering reducing operating rates. This large-scale supply has to some extent mitigated the supply risks faced by Asia.
Embracer shareholders vote to cancel dividend, roll SEK 21.7 billion into retained earnings
