According to BlockBeats, despite Bitcoin's price hovering slightly below its all-time high from January, digital asset ETF issuer 21Shares anticipates substantial growth for Bitcoin this year. In a report released on Monday, 21Shares research strategist Matt Mena stated that "Bitcoin is on the verge of a breakout." He attributes the current Bitcoin rally not to retail frenzy but to a combination of structural forces, including institutional inflows, historic supply constraints, and an improving macroeconomic environment. These factors suggest Bitcoin is on a path to reach new all-time highs in a more sustainable and mature manner.
The continuous absorption of Bitcoin by spot Bitcoin ETFs exceeds daily mining output, further tightening supply. Additionally, major institutions like Strategy and newcomers such as Twenty One Capital are consistently accumulating Bitcoin, with some countries even exploring the establishment of strategic reserves.
Mena predicts that the combined impact of these factors could drive Bitcoin's price to $138,500 this year.
