#Can BTC Break 90K? Asset Management Giant 21Shares has Announced Its Year-End Price Prediction for Bitcoin (BTC)!

21Shares, which manages assets worth more than 1 billion dollars, announced its forecast for the Bitcoin price in the report it shared.
According to a new analysis by 21Shares, Bitcoin (BTC) could rise to $138,555 by the end of the year. The report highlights a mix of macroeconomic resilience and strengthening on-chain indicators as the key factors behind the optimistic forecast.

The research draws parallels between the year 2021, when Bitcoin weathered major external shocks like China's comprehensive mining ban without derailing its long-term upward trend, and the current market cycle. This time, the shocks come in the form of disappointment in monetary policy and increasing global liquidity, both of which support Bitcoin's appeal.
In the report stating that "Despite the fluctuations, we see strength in the market rather than fear," it was noted that Bitcoin was trading around $87,390 now, having been approximately $83,152 earlier this month.
According to 21Shares, one of the most notable changes is how Bitcoin is now reacting to disruptions in the traditional financial system. Events like the collapse of Silicon Valley Bank no longer trigger panic selling. Instead, they are strengthening Bitcoin's reputation as a hedge against systemic financial risk.

Recent issues specific to crypto, such as the hacking of a Bi exchange, have not shaken investors' confidence in Bitcoin. The market seems to be getting increasingly adept at distinguishing between the failures of centralized participants and the fundamental value proposition of decentralized protocols.

According to the report, on-chain measurements support this optimism. Long-term holders continue to accumulate, and there are no signs of a broad distribution that would indicate a peak in the market. Meanwhile, increasing flows into spot Bitcoin ETFs and improved regulatory clarity that gives more legitimacy to the asset are boosting institutional interest.
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