Siebert Analyst Projects Bitcoin Above $175K on Market Structure Shift
- —Forecast: bitcoin above $175,000 over the next few quarters
- —Banks including JPMorgan now accept BlackRock's IBIT as collateral
- —The GENIUS Act's stablecoin reserve rules take effect Jan. 18, 2027
- —Miners' AI expansion may ease selling pressure on BTC
Why it matters: The thesis of a structurally changed market supports the long-term bull case for BTC as institutional ownership deepens.
Source: Bitcoin.com