Opinion: Don't Expect Institutions to Push Bitcoin to $150,000

Institutional Push for Bitcoin Faces Challenges

Macro researcher and FFTT founder Luke Gromen suggests that institutional investors are unlikely to drive Bitcoin's price from its current level of around $90,000 to $150,000 without significant market catalysts. Institutions typically prefer a wait-and-see approach rather than entering the market aggressively without clear event-driven triggers.

Key Variables Influencing Future Trends

Gromen highlighted that key variables for future Bitcoin price movements include the progress of the U.S. CLARITY Act and whether the Federal Reserve will cut interest rates further. These policy developments could significantly influence market sentiment.

Extreme Scenarios Could Trigger Price Drops

In extreme economic conditions, such as a full-scale trade war or recession, Bitcoin could even fall back to $60,000. This scenario might force companies holding Bitcoin to sell off their holdings due to financial pressures.

Institutional Demand Remains Strong

Despite these challenges, CryptoQuant CEO Ki Young Ju emphasized that institutional demand for Bitcoin remains robust. Data shows institutions have accumulated approximately 577,000 BTC, worth around $53 billion, over the past year. This indicates continued strong interest in the crypto market from institutional players.