Bitcoin Reaches New Heights as Institutional Interest Fuels Growth
2025-07-15 07:14:12
Main Idea
Bitcoin reached a new peak of $123,091 USD, driven by institutional and corporate investments, with experts predicting further growth potential due to its market value compared to gold.
Key Points
1. Bitcoin recently achieved a new peak of $123,091 USD before experiencing a 3% decline, settling around $118,832 USD.
2. Markus Thielen from 10x Research predicts Bitcoin could reach $140,000 to $160,000 USD by year-end, citing institutional investments and ETF activity.
3. US spot Bitcoin ETFs hold over 6% of the current Bitcoin supply, with institutions processing approximately $15 billion USD in transactions.
4. Steve Grasso, CEO of Grasso Global, notes Bitcoin's market value is around $2 trillion USD, compared to gold's $20 trillion, suggesting significant growth potential.
5. Experts highlight that Bitcoin's relatively low market value compared to gold offers room for potential appreciation, with some projections reaching $500,000 USD.
Description
Bitcoin hit a new peak of 123,091 USD before a 3% drop. Institutional investments are driving Bitcoin prices despite market supply issues. Continue Reading: Bitcoin Reaches New Heights as Institutional Interest Fuels Growth The post Bitcoin Reaches New Heights as Institutional Interest Fuels Growth appeared first on COINTURK NEWS .
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