PANews reported on January 1 that according to CNBC, cryptocurrency financial services company Matrixport said that Bitcoin could reach $160,000 in 2025. Markus Thielen, head of research at Matrixport, said the forecast is supported by continued demand for Bitcoin ETFs, favorable macroeconomic trends, and an expanding global liquidity pool. Although Bitcoin is highly volatile and could fall 70% to 80% from its all-time high, Thielen said the decline in 2025 will be "less pronounced." Thielen said: "The growing group of bargain hunters for Bitcoin, coupled with strong institutional support, is expected to mitigate severe pullbacks."