Gromen emphasized that institutional investors generally prefer a cautious approach, waiting for clear events and reasons before driving up prices.
“Without a strong underlying catalyst, it seems unlikely that institutions will be able to drive Bitcoin to a new high this year.”
If you’re relying on institutional investors to drive the price from $90,000 to $150,000, it’s highly unlikely without a significant catalyst. That’s not how institutional investors work. They sit back and say, ‘I’ll wait.’ And they probably will.”
Bitcoin’s price rising from its current level of approximately $89,900 to $150,000 represents a 67% increase and an 18.86% rise from its recent all-time high of $126,198.
Gromen recently warned that extreme scenarios, such as the escalating trade war between the US and the EU and a recession, could cause Bitcoin to fall to $60,000, triggering forced sell-offs.
As you may recall, Luke Gromen announced that he would sell all of his Bitcoin holdings by the end of 2025.
*This is not investment advice.