Markets· ★★★· bullish·

Siebert Financial sets $175,000 bitcoin target for next 12 months

  • —Bitcoin target of $175,000 over 12 months, driven by ETFs, lending and the GENIUS Act
  • —Strategy's $350 target assumes BTC at $175,000 without further mNAV expansion
  • —Analyst Brian Vieten calls June's $58,000 low a sign of seller exhaustion
  • —ETF capital is described as 'sticky' and reshaping bitcoin demand
Why it matters: A target more than double the current price reinforces the bullish case for institutional bitcoin demand.
#BTC
Source: Digital Today
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