Will BTC Hit $200K or Face More Volatility?

Bitcoin faced a difficult period, sliding more than 28% on a summit of $ 109,000 in January, reaching a hollow of $ 78,78. The feeling of investors remains low, much fearing a new decline to $ 70,000. However, analysts believe Bitcoin will probably stabilize in the range of $ 72,000 to $ 80,000 before making a return. Despite the correction, the optimism concerning the long -term Bitcoin potential remains solid, with the chief of research on the digital assets of Standard, Geoffrey Kendrick, predicting a massive rally in the years to come.

A difficult market, but a brilliant future

In a CNBC interview, Kendrick recognized the challenges that Bitcoin faces, assigning his decline to the increase in market uncertainty and regulatory pressures. However, he considers it as a simple temporary setback. It remains confident that Bitcoin will climb $ 200,000 by the end of this year and could even reach $ 500,000 before the start of 2029. Although these figures may seem ambitious, Kendrick estimates that key market changes and the increase in institutional interests will lead Bitcoin to new peaks.

Key catalysts that could feed the rally

According to Kendrick, one of the largest factors is regulatory clarity. It expects new regulations surrounding Stablecoins and knowing the conformity of your client (KYC) to provide the legitimacy that institutional investors were waiting for. As the cryptographic space becomes more structured and more in line with the major financial institutions in the United States will begin to take the crypto as a serious commercial opportunity.

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Then, the FNB Bitcoin, who have already aroused a wave of interest, but Kendrick thinks that this is only the beginning. The great American pension funds, managing a failure of 40 billions of dollars in assets, currently have a minimum exposure to Bitcoin ETF. As regulatory clarity improves, these massive funds may start to invest sharply, pushing the demand for Bitcoin at new levels.

While he believes that the real game changer could be sovereign funds. The sovereign fund of Abu Dhabi has already entered the Bitcoin ETF space, and Kendrick expects more governments and large -scale funds to follow. This institutional adoption could act as a major catalyst, fueling Bitcoin rise to new heights.

The road at $ 500,000

While Bitcoin’s short-term perspectives remain volatile, Kendrick’s long-term vision suggests that the right mixture of regulatory changes, institutional involvement and ETF growth could propel bitcoin to half a million dollars. Although challenges still exist, the growing adoption of Bitcoin by the main financial players and governments could open the way to one of the biggest bull races in the history of the crypto.

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