Siebert Analyst Projects Bitcoin to Surge Over 117% to Above $175,000

Siebert Financial senior research analyst Brian Vieten forecasts Bitcoin could surge more than 117% to surpass $175,000 over coming quarters, even as the cryptocurrency traded near $80,800 on October 15. The bullish outlook tops Citi's $113,000 target and relies on growing institutional adoption, stablecoin expansion, and banks accepting spot ETF shares as collateral. However, near-term headwinds persist amid restrictive Federal Reserve policy expectations, with US spot Bitcoin ETFs logging $261.4 million in net outflows on October 14 following a previous $729 million drain.