PANews May 17 news, according to Cointelegraph, cryptocurrency analyst Scott Melker stated that it is "entirely possible" for Bitcoin to rise to $250,000 by 2025. He pointed out that the continuous influx of institutional investors and the decrease in market volatility are key factors driving the price increase. Scott Melker emphasized that with the participation of traditional financial institutions such as pension funds and ETF issuers, the Bitcoin market is becoming more mature and stable, with Bitcoin's volatility decreasing from being three times that of the S&P 500 index in the past to less than twice. Additionally, Scott Melker mentioned that Coinbase has been included in the top 50 of the S&P 500 index, companies like Galaxy Digital and eToro are advancing their listing plans, and improvements in the regulatory environment in the U.S. all provide strong support for the crypto market. Melker believes that considering Bitcoin's previous rise from $3,000 to $69,000 in 2020, a further increase of 2.5 times from the current price is not impossible, and Ethereum's recent gains exceeding those of Bitcoin, driving small-cap tokens up, indicates that there is "new money" flowing into the market rather than just rotating among existing assets.
