Source: Cointelegraph Original: "{title}"
According to two research reports reviewed by Cointelegraph, institutional demand could push the price of Bitcoin to $200,000 per coin by 2025.
Analysts from Standard Chartered Bank and Intellectia AI stated that institutional demand from ETFs and traders seeking to hedge against macroeconomic risks could double the price of Bitcoin this year.
Fei Chen, Chief Investment Strategist at Intellectia AI, told Cointelegraph in an interview, "While this prediction seems optimistic, it is also conditional. Any black swan event—from significant regulatory crackdowns to geopolitical incidents—could disrupt this trend."
Bullish Sentiment
As Bitcoin broke through $90,000 on April 22, reaching its highest point in six weeks, it reflects traders viewing Bitcoin and gold as potential hedges against the impending trade war and geopolitical turmoil.
This price fluctuation occurred after the U.S. spot Bitcoin ETFs experienced their largest single-day net inflow since January.
According to CoinGlass, 11 U.S. spot Bitcoin funds attracted over $380 million in net inflows on April 21.
Intellectia AI noted that the driving factors of institutional demand—including corporate Bitcoin buyers and exchanges like Coinbase and Kraken—could continue to push prices higher.
According to Bitcointreasuries.net, corporate Bitcoin treasuries now hold nearly $65 billion in Bitcoin.
Hedge or Speculation?
Investment bank JP Morgan stated in a research report in January that gold and Bitcoin "seem to have become a more important component of investors' portfolios," as they increasingly lean towards hedging against geopolitical risks and inflation.
However, according to a report from Binance Research on April 7, the correlation between Bitcoin and gold has been low since U.S. President Donald Trump announced large-scale import tariffs on April 2, while gold has traditionally been seen as the preferred hedge against macroeconomic uncertainty.
In fact, Binance stated that Bitcoin has a higher correlation with the stock market.
Ironically, the ongoing inflow of ETF funds may further undermine Bitcoin's position as a macroeconomic hedge, eroding one of its most attractive qualities for institutional investors, said Spencer Yang, a core contributor to the Fractal Bitcoin crypto infrastructure project, in an interview with Cointelegraph.
Yang stated, "Despite the growing institutional interest, Bitcoin's long-term resilience cannot be guaranteed solely by the data on balance sheets—it relies on actual usage."
"This means that people are actually trading, building, and experimenting on the network—not just holding Bitcoin as a speculative asset."
Related: Gibraltar court ends two-month freeze on 542 million PLAY tokens due to legal dispute.
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