PakGazette – Large investors have been driving price gains since the US election, with their holdings increasing from 16.2 million to 16.4 million BTC, according to data from CryptoQuant.
In contrast, retail investors reduced their holdings from 1.75 million to 1.69 million BTC during the same period.
Bitcoin ETFs are now the largest holders of the flagship cryptocurrency.
The 12 existing Bitcoin spot ETFs have collectively surpassed $100 billion in assets under management, one of the most successful ETF launches in history.
The funds now hold just over 1.1 million Bitcoin, which is roughly equivalent to 5% of all Bitcoin in existence.
Collectively, Bitcoin ETFs now own more cryptocurrency than legendary pseudonymous founder Satoshi Nakamoto, who is believed to control up to 1.1 million Bitcoin.
BlackRock’s iShares Bitcoin Trust (IBIT) has accumulated a remarkable $60 billion worth of Bitcoin (BTC), with 574,118.84380 BTC on its balance sheet.
Recent data from Farside Investors reveals that Bitcoin ETFs have recorded total inflows of $188.7 million, of which BlackRock (NYSE 🙂 accounts for $154.6 million, representing 81% of net inflows.
How high can Bitcoin price go in 2025?
Recently, the CEO of Coinbase (NASDAQ:) highlighted the unique advantages of Bitcoin by drawing parallels between it and gold. Right now, Bitcoin’s $2 trillion market value is equivalent to 11% of gold’s $18 trillion market value.
Legendary financial analyst Tom Lee believes the price of Bitcoin can reach as high as $250,000 by 2025. The potential for the United States to legitimize Bitcoin as a strategic reserve asset dramatically improves its long-term price prospects, Lee said.
Anthony Scaramucci highlighted the best case scenario for the BTC price in the next 12 months. “Over the next 12 months, I think something in the $250,000 range is possible, maybe even very likely, based on the current price cycle,” he said.
Another experienced trader, Peter Brandt, maintains his less optimistic 2025 BTC price target of $135,000.
However, with Bitcoin’s current market capitalization of $2 trillion, the BTC rally is likely to continue into 2025.
