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InvestAnswers Unveils ‘Max Upside’ Price Target for Bitcoin (BTC) in 2025

InvestAnswers Unveils ‘Max Upside’ Price Target for Bitcoin (BTC) in 2025

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Source: Daily Hodle

A widely followed crypto analyst is laying out the upper bounds of his price target for Bitcoin (BTC) in 2025.

In a new YouTube video, the anonymous host of InvestAnswers tells his 447,000 YouTube subscribers that his price target for Bitcoin is heavily dependent on multiple factors, including on-chain supply, the future of spot BTC exchange-traded funds (ETFs) in the US and the overall adoption of the top crypto asset.

The host also notes that Bitcoin’s long-term holder supply has reached a new all-time high.

“It is insane. People are not selling.” 

The analyst believes Bitcoin could hit $89,000 sometime in 2025, though he thinks BTC has a “max upside” of $142,000.

The InvestAnswers host notes that his price targets will be lower if the U.S. Securities and Exchange Commission (SEC) decides against approving a spot Bitcoin ETF. However, the analyst says that “things could go crazy” if the SEC green-lights a spot-based Bitcoin ETF.

The SEC delayed decisions on a slew of spot BTC ETF applications last week, though the regulator will likely rule on a number of them by early 2024.

BTC is trading at $27,528 at time of writing. The top-ranked crypto asset by market cap is down 1.2% in the past 24 hours but remains up by nearly 66% since the beginning of 2023. However, despite its price gains this year, Bitcoin is still more than 60% down from its all-time high of $69,000, which it hit in November 2021.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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The post InvestAnswers Unveils ‘Max Upside’ Price Target for Bitcoin (BTC) in 2025 appeared first on The Daily Hodl.

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Author: Daily Hodl Staff