Siebert Analyst: Bitcoin 2027 target $175,000

According to Bitcoin Magazine, Brian Vieten, the head of digital asset research at financial services company Siebert Financial, which manages approximately $20 billion in assets, stated in a recent interview that Bitcoin will rise to $175,000 within the next 12 months, reaching that target by 2027. He noted that Bitcoin's low point of nearly $58,000 in June marked the exhaustion of sell-offs by miners, exchanges, treasury companies, and lending institutions, laying the groundwork for subsequent increases.

Based on the aforementioned Bitcoin price prediction, Siebert Financial has given Strategy a buy rating with a target price of $350, and this target price does not assume mNAV expansion. Vieten believes that Strategy's digital credit engine, sticky ETF demand, and the GENIUS Act together provide Bitcoin with a "clean runway."

The interview also discussed how major banks are changing the Bitcoin lending landscape, the market structure shifts brought by ETFs as sticky capital, the new demand generated by the GENIUS Act along with stablecoins and tokenization, and whether the four-year cycle is still valid.

Vieten also talked about the conditions institutions need to meet before increasing their Bitcoin allocations, as well as the potential institutional FOMO that the GENIUS Act might trigger, comparing Strategy's $350 target price with younger treasury companies.