Bitcoin could hit $200,000 this year on institutional demand

Demand from financial institutions could drive Bitcoin prices to as high as $200,000 this year, a new research analysis has said.
Intellexia AI analysts are conducting research on exchange traded funds (ETFs)
The analysis said that strong institutional demand and traders looking to hedge against macroeconomic risks could drive bitcoin prices to more than double this year.
Fei Chen, Chief Investment Strategist at Intelexia AI
"This outlook is optimistic, but it is conditional. There are still risks to Blackstone, such as a major regulatory crackdown or geopolitical events," said Chen.
"This trajectory could be disrupted at any time if a second wave occurs," he said. The report was released on April 22 (local time), when Bitcoin surpassed $90,000 for the first time in six weeks.
This reflects traders' embrace of Bitcoin and gold as hedge assets against upcoming trade wars and geopolitical instability.
The price increase reflects the largest inflows into a U.S. physical Bitcoin ETF since January. CoinGlas
According to data from the IPO, over $380 million inflows into 11 U.S. spot BTC ETFs occurred in a single day on April 21.
Intellexia AI cited companies such as Coinbase and KDDI as the main drivers of institutional demand.
According to Bitcointreasuries.net, the asset size of companies holding Bitcoin is already 1.2 billion yen.
Meanwhile, investment bank JP Morgan said in a January research note that "gold and Bitcoin are gradually becoming structurally important assets in portfolios."
This means that investors are looking for hedging assets to protect against geopolitical risks and inflation.
In a report dated April 7, Research reported that Bitcoin's correlation with gold remained low after President Trump announced the expansion of import tariffs on April 2.
Moreover, the analysis suggests that Bitcoin is becoming more correlated with the stock market.