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Between the temporary decline and the anticipated explosion.. Will Bitcoin reach 200,000 in 2025?
The price of Bitcoin has dropped to around $105,000 after a sharp decline due to escalating tensions in the Middle East, following an Israeli attack targeting Iranian nuclear sites on June 12.
This violent drop pushed Bitcoin to levels of $103,000 within hours before it attempted to recover currently, amid a massive liquidation wave amounting to $636 million from the market, increasing fears of additional declines to $102,000 and possibly $101,000 in the coming days.
Despite the recent negative performance, optimism still dominates the analyses of top experts, who believe that Bitcoin is capable of surpassing the $200,000 barrier before the end of 2025, based on strong incentives supporting this expected upward trend, and here are the highlights: Global institutions continue to buy Bitcoin to support their portfolios.
Markets are witnessing an increasing institutional influx towards Bitcoin, as major companies from the United States, Europe, and Japan have started to include Bitcoin in their financial reserves, competing with treasury bonds. The increasing demand comes against a limited supply, especially after the recent halving process that reduced mining rewards, leading to a growing scarcity that supports price increases. The supply is shrinking.. and miners are reducing sales