Luke Gromen emphasizes that institutional investors are not likely to elevate Bitcoin to 150,000 USD without a significant market event this year. Current Bitcoin price at approximately 89,880 USD needs a 67% increase to reach that target.
Gromen pointed out major market catalysts like the US CLARITY Act and anticipated quantitative easing. Despite these challenges, recent institutional interest remains strong, with CryptoQuant reporting 577,000 Bitcoin purchased in the past year.
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