The Rise of Large Investors in Bitcoin

Since the U.S. election, large investors have been the driving force behind the price gains of Bitcoin. The data from CryptoQuant reveals that their holdings have increased from 16.2 million to 16.4 million BTC, showcasing their confidence in the cryptocurrency.

Small Investors Decrease Holdings

In contrast to large investors, small investors have reduced their holdings from 1.75 million to 1.69 million BTC during the same period. This shift in ownership highlights the changing dynamics of the Bitcoin market.

Bitcoin ETFs Take the Lead

Bitcoin ETFs have emerged as the largest holders of the flagship cryptocurrency, with the 12 spot Bitcoin ETFs collectively surpassing $100 billion in assets under management. This milestone marks one of the most successful ETF launches in history.

ETFs Hold 5% of All Bitcoin in Existence

These funds now own slightly more than 1.1 million Bitcoin, which is equivalent to about 5% of all the Bitcoin in existence. This significant ownership stake underscores the growing institutional interest in Bitcoin.

BlackRock’s iShares Bitcoin Trust Dominates

BlackRock’s iShares Bitcoin Trust (IBIT) stands out as a major player in the Bitcoin market, amassing a remarkable $60 billion in Bitcoin holdings. With 574,118.84380 BTC on its balance sheet, IBIT has solidified its position as a key player in the cryptocurrency space.

Bitcoin ETFs See Inflows

Recent data from Farside Investors indicates that Bitcoin ETFs have witnessed total inflows of $188.7 million. BlackRock leads the pack with $154.6 million in net inflows, accounting for 81% of the total inflows. This influx of capital further cements the institutional support for Bitcoin.

The Future of Bitcoin Price in 2025

Bitcoin’s unique advantages have garnered attention from industry experts, with some predicting significant price growth in the coming years. Coinbase’s CEO has drawn parallels between Bitcoin and gold, highlighting Bitcoin’s $2 trillion market value as a testament to its potential.

Predictions from Industry Veterans

  • Tom Lee, a renowned finance analyst, believes that Bitcoin’s price could reach $250,000 in 2025. The potential for the U.S. to recognize Bitcoin as a strategic reserve asset could further bolster its long-term price outlook.
  • Anthony Scaramucci shares a similar sentiment, suggesting that a price of $250,000 for Bitcoin is not only possible but highly probable in the next 12 months.
  • Peter Brandt, another seasoned trader, maintains a more conservative price target of $135,000 for Bitcoin in 2025.

With Bitcoin’s current market cap standing at $2 trillion, the bullish momentum in the cryptocurrency market is likely to continue in 2025.

Read the original article on U.Today

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