BlockBeats News, January 22nd: Macro researcher and FFTT founder Luke Gromen stated that, in the absence of significant market catalysts, institutional investors are unlikely to drive Bitcoin from its current level around $90,000 to $150,000 this year. He pointed out that institutions typically adopt a wait-and-see strategy rather than chasing the market without a clear event-driven trigger.
Gromen believes that potential key variables include the progress of the US “CLARITY Act” and whether the Fed will further cut interest rates. However, in extreme scenarios, such as a full-scale trade war or economic recession, Bitcoin could even drop 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 participation and regulatory clarity are key drivers for Bitcoin to hit new highs.
