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Author: Admin | 2025-04-28
Of crypto," Yang said.Nevertheless, Yang also expects next year to bring a number of "corrections" for bitcoin's price, too.Risks to the downside include U.S.-China tensions, global capital market disruptions, potential unexpected restrictive measures and possible delays to the Fed rate-cutting cycle.Last year, Yang forecast bitcoin would hit $75,000 in 2024.Maple Finance: $180,000 - $200,000Sid Powell, co-founder and CEO of centralized finance platform Maple Finance, is targeting a price of between $180,000 and $200,000 for bitcoin by the end of 2025."If you look historically when we saw gold ETFs come in, the inflows in the first year increased dramatically in subsequent years — and I think we can expect to see that with the bitcoin ETFs," Powell told CNBC's "Squawk Box Europe.""I think we will see higher inflows in subsequent years as bitcoin and indeed crypto becomes a core asset allocation for institutional asset managers," Powell added.Another factor Powell sees boosting bitcoin's price is the anticipation of a bitcoin strategic reserve in the U.S.Still, Maple Finance's boss is mindful about market pullbacks. "I think you'll of course see corrections — crypto remains a cyclical industry," Powell told CNBC.In previous market cycles, bitcoin has risen wildly over the course of a few months before plummeting sharply in value.Take the previous cycle, for example: in 2021, bitcoin rallied to nearly $70,000 as more and more investors piled in but the subsequent year, the token plunged to less than $17,000 on the back of a series of major crypto company bankruptcies.However, Powell stressed that the 70% to 80% drawdowns bitcoin has seen in cycles past are unlikely in 2025 "because there is more of a buffer from those institutional inflows into the sector."Nexo: $250,000Elitsa Taskova, chief product officer of crypto lending platform Nexo, is more bullish on bitcoin's 2025 prospects than the general consensus."We
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