Analyst Predicts Bitcoin Could Reach $175,000 as US Regulations Become Friendlier
Analyst Predicts Bitcoin Could Reach $175,000 Next Year
Confidence in digital assets is growing, with new research suggesting that Bitcoin’s price could surge in the coming year.
Financial services firm Siebert Financial (Nasdaq: SIEB) released a report predicting that Bitcoin could hit $175,000 within the next 12 months. The forecast comes from research analyst Brian Vieten, who based his prediction on three main factors:
- Global money supply growth,
- Rising adoption of digital wallets, and
- Increasing demand for Bitcoin.
Three Key Growth Drivers
Vieten’s model assumes that the global money supply will rise by around 7% in the next year. Siebert notes that this continued monetary expansion will likely benefit “store of value” assets — such as gold, real estate, stocks, and cryptocurrencies.
The report also expects a 25% increase in digital asset wallets, driven by the growing popularity of stablecoins and tokenized assets.
Additionally, Bitcoin demand is projected to rise by 20%, even though current demand is still about 60% lower than during its 2021 peak.
“With this environment,” said Vieten, “we believe investment in digital assets will accelerate over the next year.”
Bitcoin as the Core of Digital Assets
The report describes Bitcoin as the foundation of the digital asset industry.
“Bitcoin is the ‘genesis’ digital asset and a key industry indicator, representing about 60% of the total crypto market capitalization,” Vieten said.
He also shared a bold vision for the future:
“We firmly believe blockchain technology will eventually power most of the global financial system, serving all 8 billion people on the planet.”
Currently, there are about 700 million digital asset wallets worldwide — meaning the industry may be less than 10% into full global adoption, according to Siebert.
U.S. Adoption Outlook
Siebert’s report adds that the United States is nearing widespread adoption of digital assets, particularly in tokenization and stablecoins, thanks to an improving regulatory climate.
The firm expects that the number of digital wallets could reach 1 billion in the next 12 months, signaling a major leap in global participation in the crypto economy.
