Financial analyst Sean Broadrick, known as the "Indiana Jones" of natural resources, believes that even after Bitcoin moves into the $90,000 range, it still has room to grow. Broadrick said that in 2025, governments, banks, and corporations will be pushing the leading cryptocurrency higher.
Broadrick argues that Trump's embrace of cryptocurrency and the possibility of a Bitcoin strategic reserve will encourage other countries to take similar steps. It will be the first domino to fall to kick off an unprecedented rally.
Corporations will support this movement. On the one hand, Microstrategy already owns huge amounts of Bitcoin, on the other hand, the vast majority of companies in the US have not yet entered the cryptocurrency market, even if exchange-traded funds ( ETF ).
Broadrick has no doubt that Microsoft's vote to buy bitcoin as part of its reserves is just the beginning of that process.
Big banks are the last of three elements that Broadrick says will push Bitcoin to new heights. He noted that the largest investment banks Goldman Sachs and JPMorgan are already diving into Bitcoin , but at the moment they only own small amounts bitcoin ETF .
If the government starts creating a strategic reserve of bitcoin… and especially if corporations start creating bitcoin assets, I would expect big banks to create their own BTC reserves. And not just in ETF , but also real cryptocurrency, the expert added.
