The end of the year promises to be under the best augurs for Bitcoin. Even large American banks are very optimistic.
In short
- Citibank table on $ 181,000 for a bitcoin within 12 months.
- JPMorgan believes that Bitcoin is undervalued compared to gold and that it should already be $ 165,000.
- Trading volumes on the Spot and ETF markets have been exploding for a year.
Citibank remains bullish
The hostility of the banks picked cold by Bitcoin is far behind us. Everything has changed in the United States since the return to the affairs of the Republicans.
The giant Citibank said in an internal research note published on October 2 that Bitcoin could reach $ 133,000 before the end of the year. The document also presents three scenarios for the next 12 months.
The basic table scenario of $ 181,000 for a bitcoin. The optimistic prediction is $ 231,000 while the pessimist is $ 82,000.
The basic scenario of Citi supposes net entries of $ 7.5 billion in the ETF by the end of the year. This would represent an increase of 12 % compared to the $ 60 billion already swallowed by the Bitcoin ETF since January 2024. The stock markets will also have to remain upward.
Citi also highlights the favorable position of the Trump government which should bring “More clarity”. Indeed, a vote of the “Clarity Act” is expected before the end of the year. Do not miss our article on this: Bitcoin, a historic end of the year?
The American bank describes 2025 as an excellent vintage given the increase of 100 % in market capitalization. Bitcoin now weighs more than $ 3,200 billion, against 1,650 billion before the launch of ETFs. It's more than Amazon, Meta or Tesla.
As for the risk, Citi estimates that a 5 % portfolio allocation requires yields “Two -digit” (21 % depending on the risk/recent yield ratio) to justify volatility. This is good since Bitcoin is up almost 100 % of one year on the other …
The JPMorgan obviously surrenders
The largest American bank suggests that Bitcoin is undervalued and that it could reach 165,000 dollars before the end of the year.
The strategy promoting gold and Bitcoin now has a name at JPMorgan: “” The Debasement Trade »». That is to say a bet on the depreciation of national currencies. Explanation of the bank internally:
[Il s’agit d’un investissement qui] Reflects a combination of factors, which, according to our exchanges with our customers, range from an increased geopolitical and political uncertainty to uncertainty surrounding the long -term inflationary context, including concerns linked to monetary depreciation (“debt debasement”) caused by public deficits sustainably raised in major economies. In addition, there are concerns about the independence of the federal reserve, a loss of confidence in the fiduciary currencies of certain emerging markets in particular, as well as a broader movement of diversification away from the US dollar.
JP Morgan
Obviously, geopolitical uncertainty is linked to wars in Ukraine as well as in Palestine. Russian Ministry of Foreign Ministry spokesperson Maria Zakharova, for example, spoke of a third world war if the information relayed by the Hungarian media concerning kyiv's plans aimed at carrying out a False Flag in Romania and Poland was confirmed.
Ms. Zakharova relayed on her telegram channel the possibility of sabotage actions in Romania as well as in Poland to bring the hat to Russia.
“The office on rue Bankova is preparing its own version of the“Gleiwitz incident” in order to create a casus belli for a war between Russia and NATO “she launched.
“If all this is confirmed, then we must admit that in modern history, Europe has been so close to the outbreak of the Third World War. »»
The volumes do not lie
Bitcoin trading volumes flew in 2025 thanks to the arrival of institutions, clarification of the regulations (authorization of ETF) and inflation. All ETFs already hold 6.7 % of BTCs in circulation, $ 156 billion.
The volumes of the Spot market have exploded. The American ETF brew about $ 7 billion every day. Right up 200 % from one year to the next.
The daily volume on platforms like Coinbase or Binance amounts to $ 70 billion per day, an overall increase of 130 % compared to last year.
To which to add the $ 22 billion exchanged directly on the Bitcoin network (+80 % y/y). Approximately 500,000 transactions per day.
Things are available on the side of European commercial banks. The second largest Spanish bank ($ 900 billion in management, 70 million customers), BBVA, has just joined the Bitcoin trading directly in its mobile application.
Even Russia is tuning for a tuning for it. Currently, the purchase of bitcoins is reserved for investors “Qualified”. But perhaps more for a long time since the Moscow stock market has publicly called on regulators to lift this constraint to offer this possibility to individuals.
This proposal is part of Russia's wider strategy aimed at developing alternative payment systems to overcome its disconnection from the Global SWIFT network.
Let's finish by reporting that Donald Trump wants to distribute checks to the population again. Funds will come from customs taxes. Those who placed the very first “Stimulus check” $ 1,200 in Bitcoin today have $ 22,400 (+1770 %)…
Don't miss our article: What about China if the United States embraces Bitcoin?
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