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Bitcoin boom: demand increases prices to record highs!
Bitcoin is surging with institutional capital inflows and ETF records. Forecasts indicate price targets of $150,000 to $300,000.
Bitcoin boom: demand increases prices to record highs!
Bitcoin is at a crucial point in its development, marked by a period of significant supply shortage. Katalin Tischhauser, chief digital assets analyst at Bank Sygnum, highlights that this shortage could have a more drastic impact on price developments than in previous cycles. A multiplier effect is currently being observed, with each additional $1 in demand generating an estimated $20-30 additional market capitalization. Such an effect already occurred with the launch of Bitcoin spot ETFs as well as during the US presidential election, further fueling the momentum.
The limited supply of Bitcoin combined with the enormous pots of money from institutional investors suggests an impending price jump. Over the past 15 years, Bitcoin's liquid supply has steadily declined. Companies like Strategy and Twenty One Capital have made significant contributions to the adoption of Bitcoin. More stable regulatory frameworks and Bitcoin's increasingly recognized role as an inflation hedge also support positive market developments.
Institutional investments and record inflows
Bitcoin is currently benefiting from a massive inflow of capital from institutional investors and companies. In May, Bitcoin ETFs recorded inflows of $5.5 billion, a record month. Additionally, $1 billion worth of new Bitcoins were mined. Strategy, formerly known as MicroStrategy, plans to issue new shares to raise $2.1 billion to buy more Bitcoin. The company already holds 567,230 Bitcoin, worth about $63 billion.
In total, companies hold Bitcoin worth $350 billion, which is approximately 15 percent of the total Bitcoin supply. Company inventories have increased by 30 percent since the beginning of the year. These are indicators of continued demand as profit-taking declines at record highs and points to long-term holders. In the current record, less than $1 billion in profits were realized, compared to $2 billion in December 2024.
Price forecasts and market developments
Although GameStop has recently speculated on stock purchases to add Bitcoin to its balance sheet as a treasury asset, there have been no official confirmations on the Bitcoin purchases so far. Nevertheless, a private placement of $1.3 billion was offered to acquire Bitcoin, underscoring the growing ambitions in the digital currency space.
Bitcoin’s structural shortage and continued institutional demand could lead to further increases in the near future. Analysts are setting bullish price targets of $200,000 to $300,000 as markets prepare for a healthy consolidation.
Overall, the enthusiasm for Bitcoin remains unbroken, and the coming months could be crucial for the further development of the cryptocurrency. Cointelegraph and Crypto Magazine report on current developments and offer valuable insights into the future of the digital asset.