Despite the recent market correction, Bitcoin remains a dominant player among global assets. The cryptocurrency has managed to outperform other major asset classes such as stocks, bonds, and precious metals, even in times of economic uncertainty.
Bitcoin has proven to be one of the most resilient asset classes, outperforming other global assets despite a recent correction. According to Gracy Chen, CEO of Bitget, the Bitcoin price could rise above $200,000 in the near future. This optimistic prediction comes despite a 23% drop from its all-time high of over $109,000 reached on the day of US President Donald Trump‘s inauguration.
The recent correction has pushed the Bitcoin price to around $76,000, which Aurelie Barthere of the Nansen platform considers an organic correction within a bull market. This assessment is supported by the fact that Bitcoin continues to outperform all major global market segments, including stock markets, US Treasuries, and precious metals.
Another positive indicator for Bitcoin is the increase in inflows into US spot Bitcoin ETFs. On March 17, these ETFs recorded a net inflow of over $274 million, the highest daily value since February 4. These investments could provide additional momentum for Bitcoin, especially since they already accounted for 75% of new investments in 2024.
Gracy Chen of Bitget remains optimistic and sees no significant risk of Bitcoin falling below current levels. She predicts that the price could reach $200,000 in the next one to two years. This view is shared by other industry leaders who also offer optimistic price predictions for 2025.
However, market sentiment remains volatile, as global trade wars and economic uncertainty could continue to influence price developments. Nevertheless, Bitcoin remains an attractive investment for many investors looking for an alternative to traditional asset classes.
TheBitcoinNews.com – Bitcoin News source since June 2011 –
Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. TheBitcoinNews.com holds several Cryptocurrencies, and this information does NOT constitute investment advice or an offer to invest.
Everything on this website can be seen as Advertisment and most comes from Press Releases, TheBitcoinNews.com is is not responsible for any of the content of or from external sites and feeds. Sponsored posts are always flagged as this, guest posts, guest articles and PRs are most time but NOT always flagged as this. Expert opinions and Price predictions are not supported by us and comes up from 3th part websites.
Advertise with us : Advertise
For the latest cryptocurrency news, join our Telegram!
