- Bitcoin has stabilized near $60,000 after a downturn erased $2 trillion from the crypto sector in months.
- The Clarity Act, backed by President Donald Trump, could trigger institutional FOMO and spark a new bull market.
- Bernstein analysts project Bitcoin could reach $200,000 by 2025, driven by ETF demand and constrained supply.
Bitcoin’s price has settled just above $60,000 after a prolonged downturn eliminated $2 trillion from the crypto market in recent months. A potential shift in Federal Reserve policy could alter this fragile equilibrium, according to market observers.
The Clarity Act, championed by President Donald Trump, may serve as the “ultimate catalyst” for institutional adoption. CK Zheng, former global head of risk at Credit Suisse and founder of crypto hedge fund ZX Squared Capital, said large institutions are waiting for regulatory guardrails and the bill’s passage could spark a new bull market as allocators race to gain exposure.
Trump posted on Truth Social that under his leadership, the U.S. will codify a future-proof digital asset market structure bill. However, Polymarket prediction data shows the odds of the Clarity Act passing this year have fallen to 46%, down from over 70% in May.
Meanwhile, analysts at Bernstein predicted the Bitcoin Price could soar to $200,000 by 2025, $500,000 by 2029, and $1 million by 2033, according to MicroStrategy-2024-6″ target=”_blank” rel=”nofollow noopener noreferrer”>reports. The firm cited unprecedented demand via bitcoin ETFs and constrained supply as the primary drivers of this projected growth.
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