Analysis: Bitcoin Still Poised to Reach $150,000 by 2026

BlockBeats News, August 16, This week Bitcoin hit a new high, with the price surpassing $123,000, exceeding July's peak. Its upward momentum is driven by institutional buying, corporate treasury allocation, U.S. policy support, and the continued accumulation of returns at the sovereign nation level. This trend further reinforces the prediction of the global financial advisory giant deVere Group: Bitcoin may reach $150,000 by the end of 2025.

As the world's largest cryptocurrency, Bitcoin has risen over 31% since the beginning of the year, up about 60% from the market low in April. The factors driving this round of gains include:

· Unprecedented inflows into a U.S. Bitcoin spot ETF;
· Several large publicly traded companies adding Bitcoin to their balance sheets;
· Bitcoin-friendly policies of the Trump administration;
· Profits from Bitcoin holdings by various governments.

deVere Group's founder and CEO Nigel Green said that multiple strong forces are currently converging to continuously push Bitcoin to new records: "Institutional capital is flowing into the spot ETF at a record pace. Publicly traded companies are viewing Bitcoin as a strategic reserve asset. The White House is actively supporting this asset class. Sovereign nations' Bitcoin investments have been profitable. These are not isolated events but part of a deep-seated systemic shift in the global financial system."