Bloomberg analysts: by 2025 the price of BTC will rise to $ 100,000

Bloomberg analysts have published another review on the situation in the cryptocurrency market. INthis study notes that Bitcoin (BTC) over the next four yearscould re-repeat the scenario that was observed from 2016 to 2020.

Experts recalled that over the past four years, the largest digital currency has risen in price from $ 1,000 to $ 10,000. Accordingly, if the trend repeats, the price of BTC by the end of 2025 may reach $ 100,000.

Analysts stressed that the long-term strengthening of the bitcoin exchange rate is fueled by fundamental factors of supply and demand.

To date, 90% of bitcoins have already been mined. Limited coin issue — this is one of the most important drivers of cryptocurrency value growth.

Taking into account the fact that demand for this instrument is increasing from institutional investors, we can predict that BTC will continue to trend upward in the coming years.

Bitcoin could end this year at $ 14,000, meaning the coin has a chance of repeating last year's famous June race.

Note that one of Bloomberg strategists MikeMcGlone said in the summer that BTC could reach $20,000 by the end of December 2020 due to increasing activity in Bitcoin addresses and the depreciation of fiat money.

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