Institutional investors are unlikely to drive Bitcoin to $150,000 this year without a major market catalyst, according to macro researcher Luke Gromen.
“If you’re counting on institutional investors to run it from 90 to 150, that’s probably not going to happen without some major catalyst,”
Luke Gromen said.
Gromen said institutions typically wait for clear signals rather than chasing rapid price moves.
A move to $150,000 would represent a roughly 67% gain from Bitcoin’s current price, well above its previous peak.
Gromen said the scale of such a rally suggests significant groundwork would be required before prices could climb that high.
Potential catalysts being watched include uncertainty around the US CLARITY Act and further monetary easing by the Federal Reserve.
Despite the caution, CryptoQuant chief executive Ki Young Ju said institutional demand for Bitcoin remains strong.
“Still flowing in,”
Ki Young Ju said, pointing to around 577,000 Bitcoin accumulated by institutional funds over the past year.
Gromen also warned Bitcoin could fall to $60,000 under scenarios such as a trade war, recession or forced selling by treasury firms.
Public companies currently hold more than one million Bitcoin, creating potential downside risk if those holdings are liquidated.
At the time of reporting, Bitcoin price was $90,006.68.