Summary:
•Analyst Willy Woo predicts there will be 1 billion Bitcoin holders by 2025, predicting a growth trajectory that will exceed that of the early internet.
• Institutional demand and the success of spot Bitcoin ETFs portend an impending sell-side liquidity crisis as supply tightens.
•Adam Back noted the market’s high expectations for Bitcoin, predicting the price will surge above current levels.
Bitcoin is the leader in the cryptocurrency industry, and analysts predict that its adoption will grow exponentially.
According to prominent analyst Willy Woo, Bitcoin is on the verge of a major leap forward that is expected to match the growth trajectory of the Internet from 1997 to 2005.
What does one billion Bitcoin holders mean?
Woo believes this upheaval in adoption has been years in the making. Therefore, “by the end of this cycle, there will be 1 billion people owning Bitcoin,” Woo asserted. He highlighted the digital currency’s accelerating adoption rate, which exceeds the speed of the early internet.
Given Bitcoin’s accelerating global acceptance, cryptologist Adam Back says the market is aiming for a more lofty goal, arguing that $100,000 is seen as “long overdue.”
Back said, “Bitcoin hit $73,000 on Tuesday. No one said anything. It spent most of Wednesday above $73,000. I think the reason for the lackluster market reaction is that $100,000 seems long overdue. This expectation has persisted for several years, so when the $1,000 to $5,000 green candle rolled over, it didn’t create a lot of bullish mania.”
Interestingly, the catalyst for this Bitcoin price prediction is largely due to institutional demand.
As Ki Young Ju, CEO of CryptoQuant, noted, if institutional inflows continue, a “sell-side liquidity crisis” is coming. This surge in demand, coupled with the successful launch of a spot Bitcoin exchange-traded fund (ETF) in the United States, confirmed Bitcoin as a viable institutional investment destination and introduced a paradigm where demand exceeds supply.
In fact, the launch of the spot Bitcoin ETF marks them as the most successful ETF in history, with a cumulative scale of nearly $30 billion. As Ki elaborates, this inflow could trigger a price shock to supply. In this case, the available Bitcoins cannot meet the growing demand.
Last week, more than 30,000 BTC saw net inflows into spot ETFs, further exacerbating a potential liquidity crisis.
Additionally, Ki’s analysis revealed an upward trend in the accumulation of Bitcoin addresses, the only wallets receiving transactions, indicating an increase in hoarding behavior. If this continues, it could signal the beginning of a liquidity crunch on the sell side.
As Bitcoin's adoption curve surges toward the 1 billion mark, the interplay between surging demand and reduced supply, especially from institutional investors, could catalyze unprecedented price impact. #比特币用户 #价格走势