Bitcoin (CRYPTO: BTC) could soar to $200,000 by the end of 2025, driven by a combination of rising institutional demand and supply reduction following the latest halving.
What Happened: In their October “Bitcoin Investing Guide,” Bernstein analysts highlighted Bitcoin’s unique supply structure, particularly its capped total supply of 21 million coins and the halving events that reduce the rate at which new coins are created. These events occur every four years and effectively reduce the selling pressure from miners.
“After each halving cycle, the miners’ rewards halve, which means half the miner sell pressure in the market,” the report noted.
A major factor in this cycle is the introduction of spot Bitcoin ETFs, which launched in January 2024. By September 2024, these ETFs had already accumulated $60 …
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