FameEX Hot Topics | FOMO Could Push Bitcoin to $150K by Mid-2025, Turning BTC into a 'Must-Have' Asset
2024-12-13 16:35:20
Nigel Green, CEO of Devere Group, has forecasted that Bitcoin could reach $150,000 by mid-2025, following its recent surge past the $100,000 milestone. Green highlighted that Bitcoin has increased by 134% year-to-date, driven by favorable market conditions. He believes that the cryptocurrency is primed for even higher gains, fueled by rising institutional investment and the growing fear of missing out (FOMO) among investors.
Green attributes Bitcoin’s recent momentum to two key factors: institutional buy-in and investor enthusiasm. Financial institutions have dramatically expanded their exposure to Bitcoin through direct holdings, exchange-traded funds (ETFs), and partnerships with crypto firms. These developments have significantly boosted liquidity and credibility, establishing Bitcoin as a prominent player in the global financial system. Simultaneously, FOMO is intensifying, with the $100,000 price point serving as a psychological trigger for many investors eager to capitalize on Bitcoin’s rapid growth.
Green explains that as Bitcoin hits new price milestones, a snowball effect occurs. As its price climbs, it attracts more investors, further increasing demand and pushing the price even higher. This cyclical process is driving Bitcoin’s current resurgence, cementing its position as a “must-have” asset in investment portfolios across the globe.
Additional factors contributing to Bitcoin’s rise include persistent inflation and geopolitical uncertainty. These conditions have amplified Bitcoin’s appeal as a safe-haven asset, offering a valuable alternative to traditional assets such as gold and fiat currencies. Green also noted that favorable regulatory developments under former U.S. President Donald Trump have further boosted confidence in the cryptocurrency market.
Although short-term sell-offs are possible, Green remains optimistic. He believes that the current factors in play create a "perfect storm" that could propel Bitcoin to $150,000 by mid-2025, making it an increasingly attractive investment.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.