Frank Speiser, CEO of Metafide, continues to assert Bitcoin's long-term prospects despite a temporary pause in its rise.
Frank Speiser's Forecasts
Frank Speiser predicts that Bitcoin's price could reach $250,000 by the end of 2025 and $500,000 by the end of 2027.
Impact of Scarcity on Bitcoin Price
Bitcoin's scarcity is becoming a major factor in determining its price potential. Metafide notes that there isn't enough Bitcoin to meet demand, fueled by record inflows into ETFs and growing institutional interest.
Role of Institutional Investors in Current Growth
The current rise in Bitcoin is primarily driven by institutional investors, distinguishing it from previous rallies dominated by retail investors. Institutional buyers rapidly remove Bitcoin from trading pools, disrupting historical volumes.
The influence of institutional investors and Bitcoin's scarcity may create new price benchmarks in the contemporary market.
