Opinion: Ethereum May See New Inflows Soon, Bitcoin Could Rise to $250,000 This Year
On May 17, according to Cointelegraph, cryptocurrency analyst Scott Melker stated that it is "entirely possible" for Bitcoin to rise to $250,000 by 2025. He pointed out that the continuous influx of institutional investors and the decrease in market volatility are key factors driving the price increase. Scott Melker emphasized that with the participation of traditional financial institutions such as pension funds and ETF issuers, the Bitcoin market is becoming more mature and stable, with Bitcoin's volatility having decreased from being three times that of the S&P 500 index to less than twice. Additionally, Scott Melker mentioned that Coin's inclusion in the top 50 of the S&P 500 index, companies like Galaxy Digital and eToro advancing their listing plans, and the improvement of the U.S. regulatory environment all provide strong support for the crypto market. Melker believes that considering Bitcoin once rose from $3,000 to $69,000 in 2020, a current price increase of 2.5 times is not impossible, and Ethereum's recent gains surpassing Bitcoin, driving up small-cap tokens, indicates that "new money" is flowing into the market, rather than just rotating among existing assets.
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.
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