Max Keiser, advisor to El Salvador’s President Nayib Bukele, strongly believes Bitcoin prices will rise significantly in 2025.
Keiser recently shared insights through a chart posted by user Chicken Genius, revealing a sharp rise in U.S. government spending.
The chart shows that current spending has reached $150 billion, already higher than similar periods under former President Donald Trump.
Analysts project second-quarter borrowing will hit $514 billion, which is $391 billion above earlier estimates.
This increasing government spending indicates that inflationary pressure may rise, with a corresponding chance of Bitcoin growth.
Keiser’s upbeat posting is supported by the opinions of veteran investors who expect BTC to react to market moves before the general market itself does so.
He predicts Bitcoin to experience a significant price increase soon, particularly with macroeconomic signs signaling liquidity and inflation alerts in American markets.
Bitcoin current trading levels reveal Bitcoin closing at $93,023.82 below the SMA_25 of $94,690.09 and SMA_50 of $94,644.22.
Short-term averages indicate that Bitcoin is experiencing resistance, with traders waiting closely on the watch at $92,910.00 support and $95,518.50 resistance.
Technical indicators illustrate Bitcoin’s current situation to be potentially undervalued, in that the RSI of 29.61 indicates a state of being oversold.
Institutional demand for Bitcoin ETFs rapidly grows
However, Bitwise’s Matt Hougan comments that institutional demand for Bitcoin ETFs is picking up among large American financial institutions.
Wells Fargo, Merrill Lynch, Morgan Stanley, and UBS collectively oversee over $10 trillion in assets. These institutions are tentatively providing spot Bitcoin ETFs to high-net-worth clients, yet maintain strict eligibility requirements
Today, access is in large part reserved for investors with over $1.5 million in taxable portfolios, limiting ETF exposure to a privileged few. Hougan anticipates significant reforms by the end of 2025, broadening access to these instruments.
Such a development would make Bitcoin investing available to large numbers of retail investors who were previously excluded.
Recent data on ETF inflows shows a strong trend, with U.S. spot Bitcoin ETFs totaling $11.8 billion through April 2024. By the end of the year, this figure is expected to reach $35.4 billion.
Nonetheless, Eric Balchunas of Bloomberg likens upcoming ETF access to getting products in major retailers’ stores. As investor interest rises and major financial players prepare for broader access, Bitcoin takes center stage heading into 2025.
