Viewpoint: $100,000 may be the beginning of large-scale adoption of Bitcoin by institutions, and this trend could last for 10 to 20 years

2025-02-21 12:53:00

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ChainCatcher news, according to Forbes, despite the stagnation of Bitcoin prices, people remain optimistic about the long-term prospects of Bitcoin. The breakthrough of Bitcoin prices above $100,000 could mark the beginning of large-scale institutional adoption of Bitcoin, a trend that may last for 10 to 20 years. Samson Mow, CEO of Bitcoin wallet company Jan3 and founder of Pixelmatic, pointed out that the previous bull market was subdued due to backlog issues on trading platforms.

However, with the launch of exchange-traded funds (ETFs), the barriers for traditional financial capital to flow into Bitcoin have been removed. Currently, capital inflow has not yet fully materialized, and institutions are just beginning to "dip their toes" into the cryptocurrency market.

BlackRock led a campaign in 2023 to gain U.S. approval for a spot Bitcoin ETF, with a series of Bitcoin funds set to debut in January 2024, quickly becoming one of the fastest-growing ETFs in history. The U.S. spot Bitcoin ETF first surpassed the $100 billion net asset threshold last November, with BlackRock's iShares Bitcoin Trust (IBIT) leading the way at $60 billion, holding nearly 600,000 Bitcoins.

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