Preface

At present, Bitcoin is on a promising trajectory. Recently, Bloomberg’s Senior ETF Analyst, Eric Balchunas, highlighted a landmark achievement: BlackRock's spot Bitcoin ETF (IBIT) swiftly accumulated $80 billion in AUM, becoming the fastest ETF to do so, outpacing Vanguard's S&P 500 ETF (VOO) which took 1,814 days. Coinciding with this milestone, Bitcoin reached an all-time high of $118,667. With optimism, Matt Hougan, CIO of Bitwise Asset Management, expressed expectations of Bitcoin exceeding $200,000 by year-end. Echoing this sentiment, hedge fund manager James Lavish compared Bitcoin’s potential to the limitless nature of the U.S. debt ceiling.

Lazy bag

BlackRock's Bitcoin ETF sets record, reaching $80 billion faster than any other ETF. Bitcoin also hit a new peak of $118,667, with Bitwise predicting it will surpass $200,000.

Main Body

On a remarkable Friday, Bitcoin showcased its strength as Bloomberg's Eric Balchunas observed BlackRock's spot Bitcoin ETF break records by amassing $80 billion AUM in a span unlike any before it. Outpacing the previous record-holder, Vanguard’s S&P 500 ETF, this achievement underscores Bitcoin's growing influence in financial markets. It was a day that also saw Bitcoin touching a new zenith of $118,667, reinforcing its position as a formidable asset.

In discussions with CNBC and Yahoo Finance, Matt Hougan of Bitwise shared a projection steeped in confidence: Bitcoin will likely reach over $200,000 by the end of the year. This prediction is not without support; James Lavish points to Bitcoin’s similarities with the U.S. debt ceiling, where limitations are more an abstract concern than a tangible reality. The technical analysis behind such forecasts is built on a foundation of robust market conditions and Bitcoin's historical resilience.

Siamak Masnavi, an expert in blockchain technology and macroeconomic dynamics, provides valuable context to these forecasts. His transition from software development to crypto journalism and research underscores the nuanced expertise now informing today's crypto landscape. His insights are further supported by CoinDesk Analytics, a system harmonizing AI-driven insights with human editorial oversight to deliver accurate and timely financial analyses.

CoinDesk Analytics, adhering to stringent guidelines, marries AI with meticulous human editing, ensuring the credibility and accuracy of its market reports. Such integration of data-driven insights with human expertise underscores the promising trajectory predicted for Bitcoin, setting the stage for it to break new ground by the year's end.

Key Insights Table

Aspect	Description
Record-setting ETF	BlackRock's Bitcoin ETF reached $80 billion AUM faster than any other ETF.
Bitcoin’s new peak	Bitcoin attained a new high of $118,667, indicative of its growth potential.
Bitwise Prediction	Bitcoin is expected to exceed $200,000 by the year's end according to Bitwise CIO.
Technical Analysis	Expert opinions align with data-driven forecasts on Bitcoin’s future value.

Last edited at：2025/7/12