Researcher Warning: Don't Expect Institutions to Push Bitcoin to $150,000

BlockBeats News, January 22nd. Macro researcher and FFTT founder Luke Gromen stated that without significant market catalysts, institutional investors are unlikely to drive Bitcoin from the current price of around $90,000 to $150,000 this year. He pointed out that institutions usually adopt a wait-and-see strategy rather than chasing highs without a clear event-driven catalyst.

Gromen believes that potential key variables include the progress of the U.S. "CLARITY Act" and whether the Fed will further cut interest rates. However, in extreme scenarios, such as a full-blown trade war or economic recession, Bitcoin could even fall back to $60,000 and trigger forced selling by hodling companies.

In contrast, CryptoQuant CEO Ki Young Ju stated that institutional demand remains strong, with institutions accumulating about 577,000 BTC (approximately $53 billion) over the past year. Previously, Grayscale also pointed out that institutional entry and regulatory clarity are key drivers for Bitcoin to hit new highs.