Institutional Investors Propel Bitcoin to $100,000, Says HTX Research

The recent surge in Bitcoin’s value is attributed to institutional investors, including the Abu Dhabi sovereign fund, and an increase in BlackRock’s positions in BTC-ETF. This is according to a report by HTX Research analysts in DeepThink. 

“Bitcoin has exceeded the $100,000 mark for the first time in three months, confirming an earlier forecast by an HTX Research analyst about the emergence of a ‘liquidity window’ in early May,” the report states.

Experts point to a fundamental shift in Bitcoin’s pricing logic—from short-term speculation to long-term capital allocation. In their view, the leading cryptocurrency is gradually forming an independent capital ecosystem and is increasingly seen as a “supra-sovereign asset—something between gold and U.S. Treasury bonds.”

On May 7, New Hampshire became the first U.S. state to pass a bill on a Bitcoin reserve. The document grants the treasury the right to use up to 5% of funds for investments in cryptocurrencies and precious metals with a capitalization of no less than $500 million.

“This model could be replicated in 10-15 states with a Republican majority, providing long-term support for Bitcoin purchases,” experts believe.

The yield on 10-year U.S. Treasury bonds hovers around 4.40%, remaining in a neutral zone for risky assets.

HTX analysts predict that as long as this figure does not exceed 4.8% and the inflow of funds into ETFs remains stable, Bitcoin is likely to consolidate in the $105,000-115,000 range.

Previously, the sustained interest of major players in digital gold was noted by analyst Alex Obchakevich from Obchakevich Research.