BofA: Predicts Bitcoin May Rise to $135,000 by Year-End, Optimistic Scenario Sees Price Soar to $199,000; Pessimistic Scenario Sees Price Drop to $64,000
GlobeNews July 28th｜BofA recently released a cryptocurrency market outlook report, predicting that the price of Bitcoin may rise to $135,000 by year-end. The report points out that the main driving forces behind this potential surge include strong demand for US-listed Bitcoin ETFs, stable adoption rates, and gradual improvement in global macroeconomic conditions.
The report also notes that Bitcoin's future price will be influenced by various factors, with an optimistic scenario seeing the price soar to $199,000 if ETF inflows continue and Bitcoin adoption rates accelerate. In a pessimistic scenario, however, if the cryptocurrency regulatory environment deteriorates or global economic conditions become unstable, the price of Bitcoin may drop to $64,000.