Bitcoin set to surpass $138K this year, 21Shares analyst says

Bitcoin could surpass $138,000 by the end of 2025, according to a new research report by 21Shares analyst Matt Mena. Unlike previous bull markets driven by retail investor frenzy, the current rally is supported by structural factors such as institutional capital inflows, improving macroeconomic conditions and an unprecedented supply squeeze. Mena noted that easing U.S.-China trade tensions have also contributed to the surge, pushing Bitcoin closer to new all-time highs. While a tenfold increase may be unlikely in this cycle, a two- to threefold rise from the previous peak of $69,000 is considered highly probable.

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