Cryptocurrency platform analysts Meldram.com growth of the first cryptocurrency was predicted to reach $180,000 by the end of 2025. The interim target for the third quarter is $140,000.

Experts consider inflows into spot ETFs and purchases of bitcoin from corporations to be the main drivers of growth. The head of the digital asset research department noted that these two factors were absent in previous market cycles.

In his opinion, the usual halving cycle model no longer works. Previously, the price of digital gold declined about 16 months after the miners' rewards were halved. The analyst believes that due to the new drivers, this pattern has been disrupted.

In the second quarter, total purchases of bitcoin through ETFs and corporate reserves amounted to 257,000 BTC. The exchange's team expects this indicator to increase in the third and fourth reporting periods.

At the same time, analysts do not rule out volatility at the end of the third quarter due to concerns from investors expecting a correction according to the old model.