Analyst Sees Bitcoin Beyond $175K as Market Structure Shifts
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Bitcoin (BTC) Price: Analyst Links $175K Target to ETFs and Bank Lending
TLDR Siebert Financial analyst Brian Vieten projects that bitcoin will rise beyond $175,000 over the next few quarters. He says institutional ownership and new financing options have made bitcoin more resilient since 2022. Major banks, including JPMorgan, now accept BlackRock’s IBIT bitcoin ETF shares as loan collateral. Vieten sees stablecoin growth as the main driver [...]
Siebert Financial analyst Brian Vieten sees a target of over $175,000 for Bitcoin (BTC) in the coming quarters, based on ETF ownership, bank lending, and stablecoin adoption.
Bitcoin.com
Analyst Sees Bitcoin Beyond $175K as Market Structure Shifts
Institutional ownership and changes in crypto financing may reduce bitcoin’s vulnerability to severe downturns, Siebert Financial analyst Brian Vieten argues. He sees expanding stablecoin payments as a catalyst for the cryptocurrency’s next advance. $175K Bitcoin Outlook Linked to Institutional Ownership Broader ownership and access to capital have strengthened bitcoin’s resilience since the crypto lending failures […]
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