Bitcoin Forecast: The Journey Towards 1 Billion Users by 2025
Thursday, 14 March 2024, 23:30
Bitcoin Forecast: The Journey Towards 1 Billion Users by 2025
Analysts foresee Bitcoin matching the Internet's explosive growth, with 1 billion users by 2025 and prices poised to skyrocket due to a sell-side liquidity crisis and robust institutional interest.
What One Billion Bitcoin Holders Means
- Renowned analyst Willy Woo believes 1 billion people will own Bitcoin by the end of this cycle, highlighting the digital currency's accelerated adoption rate.
- Cryptographer Adam Back suggests that the market anticipates Bitcoin hitting $100,000, propelled by institutional demand.
- Liquidity Crisis: CryptoQuant's CEO warns of a potential sell-side liquidity crisis as institutional demand surges, which could trigger supply-induced price shocks.
- Accumulation Addresses: The uptrend in accumulation addresses signals hoarding behavior, potentially leading to a sell-side liquidity crunch.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.