BlockBeats News, January 22 — Macro researcher and FFTT founder Luke Gromen stated that without significant market catalysts, institutional investors are unlikely to push Bitcoin from its current around $90,000 to $150,000 this year. He pointed out that institutions typically adopt a wait-and-see approach rather than chasing higher prices without clear event-driven triggers.
Gromen believes that key potential variables include the progress of the U.S. CLARITY Act and whether the Federal Reserve will further cut interest rates. However, in extreme scenarios such as a full-scale trade war or economic recession, Bitcoin could even fall back to $60,000, prompting holders to sell off.
In contrast, CryptoQuant CEO Ki Young Ju said institutional demand remains strong, with institutions having accumulated approximately 577,000 BTC (about $53 billion) over the past year. Previously, Grayscale also noted that institutional entry and regulatory clarity are important drivers for Bitcoin reaching new highs.
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Researcher warns: Don't expect institutions to push Bitcoin to $150,000
BlockBeats News, January 22 — Macro researcher and FFTT founder Luke Gromen stated that without significant market catalysts, institutional investors are unlikely to push Bitcoin from its current around $90,000 to $150,000 this year. He pointed out that institutions typically adopt a wait-and-see approach rather than chasing higher prices without clear event-driven triggers.
Gromen believes that key potential variables include the progress of the U.S. CLARITY Act and whether the Federal Reserve will further cut interest rates. However, in extreme scenarios such as a full-scale trade war or economic recession, Bitcoin could even fall back to $60,000, prompting holders to sell off.
In contrast, CryptoQuant CEO Ki Young Ju said institutional demand remains strong, with institutions having accumulated approximately 577,000 BTC (about $53 billion) over the past year. Previously, Grayscale also noted that institutional entry and regulatory clarity are important drivers for Bitcoin reaching new highs.