Bitcoin seen reaching $175,000 as ETFs, tighter supply and stablecoins drive demand
Photo: TokenPost
Bitcoin could reach $175,000 over the next 12 months, supported by easing miner selling pressure, steady spot ETF inflows and wider stablecoin adoption. In an Oct. 16 interview with Bitcoin Magazine, Brian Vietn, head of digital assets research at Siebert Financial, said much of Bitcoin’s supply pressure has cleared while new sources of demand could enter the market. Vietn identified miners, exchanges, digital asset treasury companies and crypto lenders as four areas where the risk of large-scale selling has declined.
Source: TokenPost
