PK Press Club – Large investors have generated price increases since the US election, with their holdings increasing from 16.2 million to 16.4 million BTC, according to CryptoQuant data.
In contrast, small investors reduced their holdings from 1.75 million to 1.69 million BTC during the same period.
Bitcoin ETFs are now the largest holders of the flagship cryptocurrency.
The 12 existing spot Bitcoin ETFs have collectively surpassed $100 billion in assets under management, one of the most successful ETF launches in history.
The funds now own just over 1.1 million Bitcoin, which is equivalent to around 5% of all Bitcoin in existence.
Collectively, Bitcoin ETFs now own more cryptocurrency than legendary pseudonymous founder Satoshi Nakamoto, who reportedly controls up to 1.1 million Bitcoin.
BlackRock’s iShares Bitcoin Trust (IBIT) has amassed a remarkable $60 billion in Bitcoin (BTC), holding 574,118.84380 BTC on its balance sheet.
Recent data from Farside Investors reveals that Bitcoin ETFs saw total inflows of $188.7 million, with BlackRock (NYSE:) accounting for $154.6 million, or 81% of net inflows.
How high can the price of Bitcoin go in 2025?
Recently, the CEO of Coinbase (NASDAQ:) highlighted the unique benefits of Bitcoin by drawing parallels between it and gold. Currently, Bitcoin’s market value of $2 trillion is equivalent to 11% of gold’s market value of $18 trillion.
Legendary financial analyst Tom Lee believes the price of Bitcoin could reach $250,000 in 2025. The potential for the United States to legitimize Bitcoin as a strategic reserve asset significantly improves its long-term price outlook, a Lee said.
Anthony Scaramucci highlighted the best-case scenario for BTC price over the next 12 months. “Over the next 12 months, I think something in the order of $250,000 is possible – maybe even highly likely, based on the current price cycle,” he said.
Another seasoned trader, Peter Brandt, maintains his less optimistic BTC 2025 price target of $135,000.
Nonetheless, with Bitcoin’s current market cap of $2 trillion, it is likely that the BTC rally will continue into 2025.
