Institutional confidence in digital assets is strengthening as analysts project renewed momentum in bitcoin and blockchain adoption. Financial services firm Siebert Financial (Nasdaq: SIEB) has published a research report forecasting bitcoin to reach $175,000 within the next 12 months, citing macroeconomic expansion, rising digital wallet adoption, and improving regulatory conditions. The report, authored by research analyst Brian Vieten, introduces a three-factor model designed to quantify bitcoin’s price trajectory based on monetary growth, network adoption, and demand dynamics.
Vieten stated:
We initiate our digital assets coverage with a $175,000 bitcoin price target predicated on our three-factor model.
The model incorporates three key variables: a 7% rise in global money supply, which Siebert said “we expect will continue its upward trajectory over the next 12 months, benefitting store of value assets (i.e. scarce, useful assets such as gold, real estate, stocks, and digital assets)”; a 25% expansion in total digital asset wallets, largely fueled by stablecoin and tokenization adoption; and a 20% increase in bitcoin demand, a metric that Siebert estimates remains about 60% below its 2021 peak.
“With this backdrop,” the analyst predicted: “We posit investment into the digital assets space is poised for an acceleration over the next 12 months.”
The report characterizes bitcoin as central to the digital asset ecosystem, with Vieten stating: “We would characterize bitcoin as the ‘genesis’ digital asset and industry bellweather, making up ~60% of total market cap.”
The analyst further wrote: “It is our firm belief that Blockchain will one day power virtually the entirety of the global financial system for 8 billion people.” He additionally shared: “Today there are approximately 700 million Digital Asset wallets, suggesting to us that we are less than 10% into the industry’s adoption.” Siebert concluded:
We believe the U.S. is on the cusp of broad-based adoption of digital assets, particularly in the areas of tokenization and stablecoins on the back of an improving U.S. regulatory environment. We expect the industry to reach nearly 1 billion wallets over the next 12 months.
- What is the basis of Siebert’s $175K bitcoin price forecast?
The forecast is based on a three-factor model measuring money supply growth, wallet adoption, and bitcoin demand acceleration. - How much is bitcoin demand expected to increase?
Siebert projects a 20% increase in bitcoin demand over the next year, still below 2021 levels. - What role does wallet adoption play in this projection?
The firm sees a 25% increase in digital wallet growth, largely fueled by stablecoins and tokenization adoption. - How does regulation affect Siebert’s outlook?
Siebert believes the improving U.S. regulatory environment will drive widespread adoption of tokenized assets and stablecoins.
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