3 Reasons Bitcoin Could Go Parabolic in 2025
Now that Bitcoin (CRYPTO: BTC) has broken through the $100,000 price level, it's understandable why many investors are wondering just how much higher the world's most popular cryptocurrency can go. Bitcoin is now up about 115% for the year and about 500% during the past two years. During the past decade, Bitcoin is up a mind-boggling 28,500%.
At some point, the thinking goes, Bitcoin simply can't go any higher, right? Wrong. In fact, there are three big reasons Bitcoin could go parabolic in 2025.
The primary catalyst behind Bitcoin's meteoric rally this year has been the launch of the new spot Bitcoin exchange-traded funds (ETFs) in January. Year to date, more than $100 billion has flowed into these ETFs, led by a huge influx of $53.5 billion into the iShares Bitcoin Trust (NASDAQ: IBIT).
Source Fool.com
