MCM Partners analyst bets on bitcoin spurt to $ 25000

Bitcoin this week reached the highest values in its history.

The coin has exceeded $ 23,000. Today, it is trading at $23,015. BTC capitalization on Friday, December 18, is just over $ 420.424 billion.

Many observers believe that Bitcoin will not stop there and will soon take on new heights. One of the supporters of the optimistic scenario is MCM Partners strategist JC O'Hara.

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On the air of CNBC, he said that the institutional capital has already "warmed up". This factor will be a key driver of further growth in the value of BTC.

O'Hara believes that in the coming days, we will see the achievement of $ 25,000. In annual terms, the cryptocurrency has soared by 190%. 2020 was a crazy year for BTC; after the March collapse, the coin quickly recovered from losses and went on to a broad expansion.

The analyst emphasized: "If we look back, we can see that the uptrend started to form in 2015. At that time, Bitcoin was worth $ 2,000, and it has risen in price by more than 8,000%, rising above $ 19,000. Therefore, we believe that this trend will continue in the future. I think that under a conservative scenario, we will see an increase to $ 25,000."

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