Bitcoin (BTC), which currently quotes around AU $ S122,782.6, rebounded more than 11% in the last week, gradually approaching its historical maximum of US $ s124,500according to TrainingView data.
For Citigroupthe base scenario contemplates a bitcoin around US $ s133,000 By the end of 2025, which would mean a gain of the 8.75 % about current values, close to 122,350 dollars.
The bank projects a sustained growthbacked by the strength of the Capital tickets in the quoted funds (ETF) and for him growing interest of corporate treasury in digital assets. These two factors are considered the structural motors of the next stage of the upward market.
To date, Bitcoin ETF based in the United States manages More than US $163,500 million in BTC. Citigroup estimates that The new tickets will be around US $ 7.5 billion By the end of the year, which would help maintain the buying pressure.
However, the bank also provides for a Whiter scenario: If the American economy enters recession or deteriorates the appetite for risk, Bitcoin could go back to US $83,000.
What JPMorgan projects: Bitcoin towards US $ 165,000
In JPMorgan Chaseanalysts consider that Bitcoin is still undervalued in front of gold When adjusting for volatility. The team led by Nikolaos Panigirtzoglou points out that the volatility relationship between both assets fell below 2.0which implies that Bitcoin now absorbs only 1.85 times more risk than gold.
From this ratio, the strategists calculate that the Bitcoin market capitalization – today around au $ 2.3 billion – should grow 42 % To equate the US $6 billion estimated in private gold reserves (ETF, ingots and coins). That increase would carry the theoretical price of BTC to approximately US $165,000.
The gold, which has historically been Bitcoin’s macroeconomic counterpart, rises 48% so far this yearheading to his Best annual performance since 1979. However, its Relative Force Index (RSI) has reached levels of not seen overcompra since 2012which, according to JPMorgan, could anticipate a significant correction.
Since Bitcoin has shown a Linguated eight -week correlation with goldanalysts project that a precious metal cooling could lead to a Capital rotation to BTCthus reinforcing the bullish expectation.
JPMorgan’s scenario also supposes a continuity in the entrances to the ETF in cash and a more favorable monetary environment, with New features of the Federal Reserve In the coming months.
Standard Chartered: The most optimistic vision, with a Bitcoin in $ 200,000
Among the most enthusiastic institutions are Standard Charteredthat predicts a 200,000 price by December 2025.
The bank highlights the strong institutional demand and the average weekly entrance of 500 million dollars in American ETFs as pillars of their projection. If this rhythm is fulfilled, the Bitcoin total market capitalization could approach 4 billion dollars.
Standard Chartered analysts argue that US dollar weakness and the Improvement of global liquidity conditions They could recreate a scenario similar to 2020-2021 bullish cyclebut with a more structural and less speculative base.
“It is not a short -term rebound, but a background trend in the background”, They affirm, framing the rally within a broader transformation of the global financial market.
Source: Ambito
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