Willy Woo, a well-regarded on-chain Bitcoin analyst, has expressed optimism about the future of the cryptocurrency. In a recent tweet on March 4, Woo speculated that BTC’s value could potentially surge to $125,000 by the end of 2025.
This positive outlook is based on the anticipated increase in institutional adoption, with a particular focus on major investment firms like Blackrock and Fidelity. Woo believes that even a modest 3% allocation of Bitcoin by clients of these institutions could drive the price beyond $125,000.
For perspective, Woo points out that Blackrock manages assets worth $9.1 trillion and Fidelity manages $4.2 trillion. These figures align with the recommended portfolio allocations suggested by Blackrock and Fidelity – approximately 84.9% and 3%, respectively.
Despite these calculations, Woo considers his projection to be on the conservative side. He emphasizes that the $13.3 trillion estimated from these allocations only represents a fraction of the global wealth estimated at around $500 trillion.
Many supporters of Bitcoin share this optimism, with some suggesting that even a 1% allocation of the total global wealth could potentially propel Bitcoin’s value to $300,000 by the end of 2025.
Bitcoin Expected to Surpass $70,000 and Beyond
Bitcoin has experienced significant growth in recent months, rising from around $27,000 in October 2023 to over $63,000 in early March. The acceleration since late January 2024 has been particularly notable, with the current trajectory indicating a potential doubling from around $40,000.
Investors are now eyeing the previous all-time high of approximately $70,000 set in late 2021. Given the strong demand and price surge observed in February, many analysts anticipate Bitcoin to surpass $70,000 and approach $100,000 in the near future.
The push towards $100,000 is primarily being fueled by spot Bitcoin exchange-traded fund (ETF) issuers who are ramping up their Bitcoin purchases. Data from Lookonchain as of March 1 shows that eight spot Bitcoin ETF issuers collectively acquired 10,999 BTC valued at over $680 million, with BlackRock leading the way by purchasing $601 million worth of BTC on behalf of its clients.
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