Institutional investors are unlikely to be the driving force behind a rise in Bitcoin prices this year according to macro researcher Luke Gromen, founder of FFTT.
“If you’re counting on institutional investors to run it from you know 90 to you know 150, if that’s your plan, that’s probably not going to happen without some major catalyst,” Gromen said in a recent appearance on Coin Stories.
Translation: “If you’re reliant on institutional investors to boost it from around $90,000 to $150,000, that’s unlikely to occur without a significant trigger.”
He mentioned that a surge from Bitcoin’s price near $89,880 to $150,000 would represent a 67% increase, surpassing its all-time high of $126,198, as per CoinMarketCap.
Gromen cautioned that the current market sentiments suggest substantial barriers for Bitcoin’s price expectations.
Currently observed factors that could influence the market include the US CLARITY Act and potential future rate cuts by the US Federal Reserve.
Institutional Interest: Perspectives from CryptoQuant CEO
CryptoQuant CEO Ki Young Ju highlights continued robust demand for Bitcoin by institutional players. Ju noted that these institutions have acquired about 577,000 Bitcoins in the last year, amounting to nearly $53 billion.
Furthermore, asset management firm Grayscale indicated that institutional interest and clearer regulations could be pivotal in driving Bitcoin to new highs in 2026.
Gromen’s Price Predictions
Looking ahead, Gromen warned that Bitcoin might fall to $60,000 under adverse conditions like trading conflicts, a US economic downturn, or an isolated market.
“What happens to the cash flows of those businesses? Will they become sellers? Are treasury companies similar to those we witnessed during FTX in 2022 likely to be forced sellers?” he raised as a concern.
Translation: “What will happen to those businesses’ cash flows? Will they need to sell? Could treasury companies, like during the FTX collapse in 2022, be compelled to sell?”
Michael Saylor’s firm is noted as the largest public holder of Bitcoin, possessing approximately 709,715 Bitcoins.
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