Bitcoin could reclaim its all-time high with a 4% surge, and experts believe the crypto will grow at least three times its current price during this bull run. 

Bitget managing director Gracy Chen said that Bitcoin (BTC) could potentially hit $180,000 to $200,000 in the ongoing cycle thanks to bullish interest in the top cryptocurrency by market cap from institutional stakeholders.

At press time, BTC exchanged hands above $67,200, up over 6% in the past 24 hours per CoinGecko. 

From the recent data on Bitcoin investors, it seems holders are less sensitive to price volatility and generally see the halving event as bullish. So, if Bitcoin ETFs keep seeing strong net inflows this week, chances are high that we will a new all-time high soon.

Gracy Chen, Bitget managing director

Nine spot BTC ETF issuers have attracted over $7 billion in cumulative inflows despite Grayscale investors cashing out nearly $9 billion from the firm’s converted GBTC exchange-traded fund, according to data from SoSoValue. 

The new Bitcoin fund providers boast over $20 billion in assets under management (AUM) and have amassed at least 750,000 BTC since trading opened across U.S. exchanges on Jan. 11.