According to Odaily, a survey conducted by Russia's state news agency TASS reveals that Russian investors anticipate Bitcoin could rise to $160,000 in the current cycle, though they do not expect it to double to $200,000 in the short term. Analysts attribute the recent increase in Bitcoin's value to macroeconomic changes, such as the Federal Reserve's interest rate cuts following a prolonged period of tightening, along with heightened concerns over global liquidity and inflation. These factors are driving investors towards scarce assets like Bitcoin. Institutional adoption is also playing a significant role, with companies like MicroStrategy and BlackRock making substantial acquisitions.
Despite the growing market enthusiasm, analysts remain cautious about Bitcoin's long-term prospects. Some respondents foresee two potential scenarios for Bitcoin's future: a "conservative target" of $130,000 and a more optimistic ceiling of $160,000 by mid-summer 2025. However, they unanimously agree that reaching $200,000 within the current cycle is unlikely.
