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Sid Powell, the Co-founder of the centralized finance platform Maple Finance, draws parallels with the evolution of traditional markets. He stated in an interview with CNBC’s Squawk Box Europe, “Historically, when gold ETFs were introduced, we witnessed a remarkable increase in inflows during the first year, which continued to rise in the following years. I believe we can anticipate a similar trend with Bitcoin ETFs.”
The past cycles of the cryptocurrency market have showcased considerable volatility, highlighted by Bitcoin’s drop from $70,000 to under $17,000 in 2022 due to a wave of corporate bankruptcies.
Looking ahead, forecasts for 2025 are optimistic. Youwei Yang, Chief Economist at Bit Mining, predicts trading prices for Bitcoin to range between $180,000 and $190,000. However, he cautions that potential risks could arise from US-China tensions and adjustments in Federal Reserve policies.
Meanwhile, Carol Alexander, a finance professor at the University of Sussex, offers a more tempered perspective, suggesting that prices might settle around “$150,000, give or take $50,000” come summer.
This outlook resonates with Bernstein’s expectations for heightened institutional investment via regulated means, as well as anticipated growth in the adoption of Ethereum through real-world asset tokenization.
Additionally, Bernstein foresees traditional investors becoming more involved with Ethereum’s functionalities, such as staking, smart contracts, and cross-chain transactions.
This development is complemented by the firm’s predictions regarding the integration of artificial intelligence within cryptocurrency frameworks, enhancing their attractiveness to investors.
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