Analyst Sees Bitcoin Beyond $175K as Market Structure Shifts

Institutional ownership and changes in crypto financing may reduce bitcoin’s vulnerability to severe downturns, Siebert Financial analyst Brian Vieten argues. He sees expanding stablecoin payments as a catalyst for the cryptocurrency’s next advance. Broader ownership and access to capital have strengthened bitcoin’s resilience since the crypto lending failures of 2022, according to Brian Vieten. The senior research analyst at financial services firm Siebert Financial (Nasdaq: SIEB) outlined his assessment in comments supplied to Bitcoin.com News on Oct. 14, projecting prices beyond $175,000 over the next few quarters.

Source: Bitcoin.com News