Senior strategist at Bloomberg, Mike McGlone, does not rule out the possibility of a deep corrective drop in Bitcoin — to a level of around $10,000, citing market saturation and the exhaustion of key growth factors.
At the same time, CF Benchmarks is looking at the long-term perspective and modeling three scenarios:
base case — Bitcoin could rise to $3 million by 2035, approaching gold in capitalization;
bear case — the asset will reach 16-33% of gold capitalization, corresponding to a price of around $637,000;
bull case — Bitcoin will dominate, surpassing gold, with a growth potential of up to $2.95 million.
Citigroup has forecasted Bitcoin's growth to $143,000 over the year. Analysts link their forecast to expectations of a revival in inflows into spot Bitcoin ETFs, as well as sustained positive sentiment in traditional equity markets. They note that the key support zone is at $70,000, while at the beginning of the year, Bitcoin is likely to trade within the range of $80,000-$90,000.$BTC
