Bitget’s Ryan Lee Projects $150K Bitcoin on Inflows

Bitcoin’s recent surge past $93,000 is fueled by substantial inflows from traditional funds through Bitcoin ETFs, according to Ryan Lee, Chief Analyst at Bitget Research.

In a statement, Lee said a major factor in the growing Bitcoin ETF inflows is the narrative of Bitcoin potentially being adopted as a U.S. reserve asset, a possibility hinted at by President-elect Trump at the Nashville Bitcoin Conference.

“Should Bitcoin become a U.S. reserve asset, it could lead to similar moves by other countries, triggering net inflows amounting to hundreds of billions of dollars and pushing BTC to new heights,” he said.

Lee also noted a projected Bitcoin price range of $82,000 to $110,000 in the short term and $73,000 to $150,000 over six months.

Policies on cryptocurrency regulation expected next year could provide additional market support.

Lee claimed that if Bitcoin breaches $94,000, it might trigger $1 billion in short liquidations, further accelerating price momentum.

He noted that calls from investment advisers seeking exposure to Bitcoin are accelerating, signaling potential inflows into the market.

With institutional interest rising and technical barriers absent, the stage is set for another historic Bitcoin cycle