On May 17, according to Cointelegraph, cryptocurrency analyst Scott Melker said that it is "entirely possible" for Bitcoin to rise to $250,000 in 2025. He pointed to the continued influx of institutional investors and the decline in market volatility as key factors driving the price increase. Scott Melker emphasized that with the participation of traditional Financial Institution Groups such as pension funds and ETF issuers, the Bitcoin market is becoming more mature and stable, and the volatility of Bitcoin has decreased from three times that of the S & P 500 index in the past to less than twice.
In addition, Scott Melker also mentioned that Coinbase's inclusion in the top 50 of the S & P 500 index, the progress of companies such as Galaxy Digital and eToro to go public, and the improvement of regulatory environments in the United States have provided strong support for the crypto market. Melker believes that considering that Bitcoin has risen from $3,000 to $69,000 in 2020, it is not impossible for the current price to rise by another 2.5 times, while Ethereum has recently surpassed Bitcoin, driving the rise of small-cap tokens, indicating that there is "new money" flowing into the market, rather than just rotating among existing assets.
Opinion: Ethereum may have new capital inflows in the near future, Bitcoin may rise to $250,000 this year
2025-05-17 12:32:08
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