Research: Bitcoin Could Reach US$200K Thanks to Institutional Demand
Intellectia Al's latest research reveals institutional demand could push Bitcoin (BTC) prices to $200,000 per coin by the end of this year. This prediction comes as investment surges from Exchange-Traded Funds (ETFs) and corporate interest in crypto assets increases.
According to Intellectia Chief Investment Strategist Al Fei
Chen, Bitcoin is now considered a hedge against global economic uncertainty. However, he stressed that this projection is highly dependent on global conditions.
Bitcoin's recent price surge has also been supported by the largest inflow of funds into BTC Spot ETFs since January 2024. CoinGlass data noted that on April 21, Bitcoin spot funds in the United States absorbed more than US$380 million in a single day.
On the other hand, even though institutional interest continues to grow, some analysts warn that Bitcoin's sustainability is not only determined by the size of corporate ownership, but must be proven through massive network usage.
