Bitcoin (CRYPTO: BTC) analysts are split three ways, with targets ranging from $100,000 by year-end to just 30% odds of breaking resistance.
21Shares: $100,000 By Year-End If Conditions Align
21Shares CIO Adrian Fritz pointed to spot Bitcoin ETFs absorbing nearly $2 billion year-to-date as evidence of renewed institutional confidence.
Demand is coming from a mix of retail investors, institutions, and hedge funds using arbitrage and options strategies.
“Bitcoin now rivals mega-cap equities like Nvidia, with daily trading volumes exceeding $50 billion,” Fritz told CoinDesk’s Public Keys.
“ETF structures provide both primary and secondary market liquidity, making the asset institutional ready,” he added.
Moreover, Fritz expects continued consolidation in the near term, with a move toward $100,000 by year-end if conditions align.
He flagged several catalysts: improving geopolitical sentiment including any resolution tied …
