Maple Finance predicts: BTC will reach the level of 18-20 million US dollars by the end of the year, but encryption still has periodicity

BlockBeats news, on January 1st, according to CNBC, Sid Powell, co-founder and CEO of CeFi platform Maple Finance, stated that by the end of 2025, the price of BTC would reach between $180,000 and $200,000. During an interview with CNBC's 'Squawk Box Europe' program, Powell said, 'Looking back at history, you will find that when the gold ETF appeared, the inflow increased sharply in the years after the first year of listing. I think we can expect the same situation with BTC ETF. With BTC and cryptocurrency becoming core asset allocations for institutional asset managers, we will see more funds flowing in the coming years.' Powell believes another factor driving the pump in BTC price is the anticipation of the US strategic reserve of BTC. Nevertheless, Powell remains cautious about market pullback. 'I believe pullback will still occur, and cryptocurrency remains a cyclical industry.'