YouHodler’s chief of markets, Ruslan Lienkha, believes Bitcoin could soon eclipse $150,000. Find out why below.
Sustainability of the bullish momentum
“Bitcoin scored another all-time high this week. The sustainability of Bitcoin’s recent momentum largely hinges on the broader sentiment across financial markets, particularly the performance of U.S. equities. Simply put, as long as the U.S. stock market remains stable, Bitcoin will likely maintain its upward trajectory.
“However, there are emerging risks, particularly in the bond market. The yield on 30-year U.S. Treasuries has recently climbed to 5% again, which could signal rising concerns over inflation and economic stability. A broader sell-off in the bond market could eventually spill over into other asset classes, including equities and crypto, potentially tempering Bitcoin’s rally.”
Institutional interest in BTC
“Holding Bitcoin on corporate balance sheets is gaining traction among public companies, and institutional interest continues to grow. However, the percentage of the total circulating supply held by these entities remains relatively small. Most of Bitcoin’s free float is still held in retail wallets, indicating that retail investors remain dominant in market dynamics.
“It’s increasingly common to see Bitcoin allocated as a small but strategic component in diversified investment portfolios. This shift reflects the growing recognition of Bitcoin as a legitimate asset class and a potential long-term store of value, even if its adoption among institutions is still in the early stages.”
BTC maturing into a hedge or safe-haven asset
“Bitcoin is indeed maturing and gradually gaining recognition as a distinct asset class. However, it’s important to note that Bitcoin has a considerable journey before it can be fully classified as a hedge. While reduced volatility and growing institutional interest are encouraging signs, the current stability may also represent a temporary pause rather than a permanent shift. Actual safe-haven status requires consistent performance across multiple market cycles and crises, which Bitcoin has yet to demonstrate fully.”
What would it take for Bitcoin to hit $150K or beyond?
“Bitcoin already possesses sufficient internal catalysts to reach the $150K level. Factors, such as post-halving supply constraints, continued institutional adoption, and the expansion of Bitcoin ETF inflows, provide strong structural support. Given these fundamentals, even a stable and moderately positive macroeconomic environment over the medium term could propel Bitcoin toward the $150K mark.”