Matthew Siegel predicts bitcoin’s growth to $ 180,000 by the end of the year

Matthew Siegel, a well-known financial expert, believes that the price of bitcoin BTC $96,684.23 Bitcoin -1.72% Market capitalization $1.92 trillion VOL. 24 hours $2.12 billion could reach $ 180,000 by the end of 2025. This optimistic forecast is based on several key factors, including increased demand from institutional investors, limited supply of BTC, and macroeconomic conditions.

Siegel notes that global economic instability and a possible US Federal Reserve rate cut could push more investors to cryptocurrencies, viewing bitcoin as «digital gold.» An additional catalyst for the growth of the BTC value will be halving, which is a halving of the mining reward expected in April 2024.

The expert also points to the active development of bitcoin ETFs, which have already provided additional capital inflows to the market. He suggests that if current trends continue, cryptocurrencies could surpass their previous historical highs.

However, despite his optimism, Siegel warns of possible corrections and high market volatility. Investors are advised to assess risks carefully and stick to long-term strategies, as BTC’s path to new records may be non-linear.