BlockBeats News, on January 1st, according to CNBC's report, Sid Powell, co-founder and CEO of CeFi platform Maple Finance, said that by the end of 2025, the price of BTC will reach between $180,000 and $200,000. Powell said in an interview with CNBC's "Squawk Box Europe" program: "If you look back at history, you will find that when gold ETFs appeared, the inflow increased sharply in the years after the first year of listing. I think we can expect the same situation with BTC ETF. As BTC and Crypto become core asset allocations for institutional asset managers, we will see more capital inflows in the coming years." Powell believes that another factor driving the pump in BTC price is the expectation of the US strategic reserve of BTC. However, Powell remains cautious about market retracement. "I believe that retracement will still occur, as Crypto is still a cyclical industry."
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Maple Finance predice: BTC alcanzará el nivel de 18-20 mil dólares para finales de año, pero la encriptación aún tiene ciclos
BlockBeats News, on January 1st, according to CNBC's report, Sid Powell, co-founder and CEO of CeFi platform Maple Finance, said that by the end of 2025, the price of BTC will reach between $180,000 and $200,000. Powell said in an interview with CNBC's "Squawk Box Europe" program: "If you look back at history, you will find that when gold ETFs appeared, the inflow increased sharply in the years after the first year of listing. I think we can expect the same situation with BTC ETF. As BTC and Crypto become core asset allocations for institutional asset managers, we will see more capital inflows in the coming years." Powell believes that another factor driving the pump in BTC price is the expectation of the US strategic reserve of BTC. However, Powell remains cautious about market retracement. "I believe that retracement will still occur, as Crypto is still a cyclical industry."