New analyses from Yahoo Finance and 24/7 Wall St. sketch 2030 scenarios ranging from $120K–$220K in a pessimistic case to $750K–$1M if ETF assets climb toward $2T and Bitcoin cements its role as macro hedge and collateral asset. The debate underscores a widening gap between subdued current price action and aggressive upside forecasts tied to the 2028 halving, sovereign adoption, and growing portfolio allocations like Brazil’s largest asset manager recommending up to a 3% BTC stake.
Showing posts with label 24/7 Wall st. Show all posts
Showing posts with label 24/7 Wall st. Show all posts
Bitcoin consolidates near $90K after sharp Q4 correction
Bitcoin trades around $90,152, essentially flat on the day, after a 26% pullback from October’s $126K peak that 24/7 Wall St. frames as a consolidation phase rather than a breakdown. Macro headwinds, including looming Bank of Japan rate hikes that threaten global carry trades, are keeping upside in check even as long‑term narratives focus on ETF demand, the 2028 halving, and 2030 price targets between $120K and $1M.
Institutional adoption debate intensifies despite near-term BTC softness
Articles from CoinDesk and 24/7 Wall St. highlight that U.S. spot Bitcoin ETF assets have slid from an October peak of $169B to about $120B amid recent outflows and volatility, while Brazil’s largest asset manager now recommends up to a 3% BTC allocation as a hedge. Strategy (MSTR), the flagship public BTC-treasury proxy, has held its Nasdaq‑100 spot but trades as a high‑beta play on Bitcoin as index providers like MSCI weigh excluding digital‑asset treasury companies from benchmarks.