Peter Brandt says Bitcoin eyes $125K milestone
Institutional inflows and pro-crypto support drive BTC rally
The price of Bitcoin (BTC) has maintained its strong upward momentum, recently reaching an all-time high of $107,780, showing no signs of slowing down. If the current growth trend continues, analysts predict Bitcoin could soon hit $115,000 and potentially climb even higher.
These impressive results have been driven by growing institutional interest, whale accumulation, and increasing confidence in the flagship cryptocurrency, according to CoinGape. Veteran trader and market expert Peter Brandt fueled further excitement with his bold forecast, predicting that Bitcoin will soon reach $125,000.
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Institutional interest and political support drive BTC
One of the key drivers of Bitcoin’s rally has been the influx of institutional investments. Notably, U.S. Spot Bitcoin ETFs have seen strong inflows in recent weeks, reflecting Wall Street's sustained confidence in the digital asset. On December 16, data from Farside Investors revealed inflows of $636.9 million.
Further momentum comes from Donald Trump’s pro-crypto stance following his recent election victory. Trump has pledged to make the United States a leader in cryptocurrency adoption and suggested Bitcoin could become part of the U.S. strategic reserve. His statement has boosted optimism among both retail and institutional investors.
BTC hits record levels amid rising market sentiment
Bitcoin’s recent gains have also been accompanied by significant trading activity. Over the past 24 hours, BTC traded at $106,729, with trading volume surging 25% to $79 billion.
Data from CoinGlass also showed a 2% rise in BTC Futures Open Interest, a strong indicator of growing investor confidence and sustained momentum. Meanwhile, forecasts suggest BTC could reach $115,208 by the end of the month.
Experts see long-term potential for Bitcoin
Popular crypto analyst Michaël van de Poppe believes Bitcoin’s growth in this cycle could far exceed its previous records. Van de Poppe recently told his 753,500 followers on X that BTC could potentially reach an astonishing $500,000.
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This optimism stems from Bitcoin’s continued outperformance of traditional markets. Over the past decade, BTC has delivered a remarkable 26,931% return, far surpassing assets like gold and the S&P 500. In 2024 alone, Bitcoin achieved a 129% return, compared to gold’s 32.2% and the S&P 500’s 28.3%.
With institutional backing, favorable political support, and rising demand, Bitcoin remains the dominant force in the cryptocurrency market.
Previously, reports noted that the Bitcoin balance on cryptocurrency exchanges has hit 2.29 million coins, marking an all-time historic low.
