Well-known analyst Matthew Hyland believes that overcoming the $100,000 milestone by the end of this year will encourage even more companies to switch from fiat to Bitcoin, which will cause the growth of digital gold up to $250,000 next year. A given price of $100,000 will form a beacon of hope for long-term holders and give impetus to new growth.
Bitcoin has again updated its all-time highs, now digital gold has come close to the level of $69,000, more and more whales continue to move their assets to Bitcoin.
Hyland is confident that Bitcoin will be worth a quarter of a million dollars in 2022, and in 2025, the main cryptocurrency may reach a record $1 million. He also stated that only one of the two Bitcoin Stock-to-Flow models will exist after 2022. Considering the bullish rally in Bitcoin, increased demand, and hype, then the $100,000 mark by the end of this year is a real benchmark.
Hyland believes that institutional investors who invest in Bitcoin will be fundamental factors for the growth of the main cryptocurrency.
They will play a role and determine the price of Bitcoin, which can adjust and go up to $1,000,000 by 2025, just after the current halving cycle, which will be completed in 2024.
This Stock-to-Flow model will be the main help for the later stages of the euphoric bullish movement, because if this model confirms its significance, and the price of $100,000 is overcome, then more and more people will believe in the stock-to-flow cross-asset model ( S2FX), which means that the price of $250,000 next year will also be quite realistic.
The whales will sell Bitcoin to ordinary residents in order to maintain sufficient liquidity on the crypto market as well as to sell Bitcoin at the highest prices.
Hyland is confident that the ultimate price target for bitcoin should be $1 million by 2025. Bitcoin whales are tasked with accumulating crypto assets, selling them to maintain liquidity, and manipulating the price market.
The $1 million mark will be a major challenge for Bitcoin whales. Bobby Lee, who is the former CEO of the BTCC exchange, is also confident that Bitcoin will grow to $1 million within 10 years.
By 2031, Bitcoin will be fully scalable and socially responsive, with a daily emission of just 112 BTC, a record low.
