BlockBeats news, on August 16, this week Bitcoin reached a new high, with prices breaking through $123,000, surpassing the peak in July. Its upward momentum comes from institutional buying, corporate financial allocation, U.S. policy support, and the continuous accumulation of profits at the sovereign nation level. This trend further reinforces the prediction of global financial consulting giant deVere Group: Bitcoin could rise to $150,000 by the end of 2025.
As the world's largest cryptocurrency, Bitcoin has risen over 31% since the beginning of the year and is up about 60% compared to the market low in April. Factors driving this surge include: · Unprecedented capital inflows into the U.S. spot Bitcoin ETF; · Several large public companies incorporating Bitcoin into their balance sheets; · The Bitcoin-friendly policies of the Trump administration; · Profits from governments holding Bitcoin. Nigel Green, founder and CEO of deVere Group, stated that currently, multiple strong forces are converging to push Bitcoin to continuously set new records: 'Institutional capital is flowing in through spot ETFs at record scales. Public companies view Bitcoin as a strategic reserve asset. The White House is actively supporting this asset class. Sovereign nations' investments in Bitcoin have already yielded profits. These are not isolated events, but part of a deeper systemic shift in the global financial system.'
