# Bitcoin seen reaching $175,000 as ETFs, tighter supply and stablecoins drive demand

By Riza Dagoc

Canonical URL: https://www.tokenpost.com/news/investing/33515
Published: 2026-10-16T22:00:27.000Z
Updated: 2026-10-16T22:00:27.000Z
Section: Investing

> Bitcoin could reach $175,000 within 12 months as miner selling pressure eases and spot ETF demand remains resilient. Stablecoin adoption and tokenization could bring additional liquidity into crypto.

Bitcoin could reach $175,000 over the next 12 months, supported by easing miner selling pressure, steady spot ETF inflows and wider stablecoin adoption.

In an Oct. 16 interview with Bitcoin Magazine, Brian Vietn, head of digital assets research at Siebert Financial, said much of Bitcoin’s supply pressure has cleared while new sources of demand could enter the market.

Vietn identified miners, exchanges, digital asset treasury companies and crypto lenders as four areas where the risk of large-scale selling has declined. Miners receive half as many new coins after each halving and can raise debt and equity capital through AI high-performance computing operations, reducing the need for forced Bitcoin sales.

He also said exchanges have become safer following the 2022 collapse of FTX as scrutiny and transparency have increased. The fastest-growing exchange is fully on-chain and verifiable around the clock, making potential problems easier to detect.

Vietn highlighted the financial position of digital asset treasury companies. Strategy holds about two-thirds of the roughly 850,000 Bitcoin owned by such companies, while the remaining 400,000 coins are spread across about 200 firms. Those companies generally have low leverage and face neither major capital expenditure requirements nor halving risk, he said.

The lending market has also become more stable than it was in 2022, when about $40 billion in crypto-backed loans were concentrated among interconnected companies and borrowers. Banking rules changed in mid-2025, and large, well-capitalized U.S. financial institutions began accepting IBIT as collateral.

Vietn called spot ETFs the biggest change in Bitcoin’s market structure. Even when Bitcoin fell 55%, ETF net inflows declined by only about 20%, suggesting the capital is relatively sticky and spread across a broad investor base. About 1,600 institutions own IBIT alone. “It’s not just one guy sitting there ready to sell $50 billion worth of Bitcoin,” he said.

The halving’s direct supply-and-demand impact is becoming less significant as the market expands, but Vietn said it remains influential as a focal point for investor sentiment. Long-time holders still watch the four-year cycle and indicators such as the 200-week moving average when considering renewed purchases.

Institutions need to see fewer major failures before increasing their Bitcoin allocations, he said. Although Strategy assumes Bitcoin can compound at 30% annually over the next 20 years, Vietn said even 20% annual growth could support Bitcoin-based digital credit products.

Implementation of the Genius Act, which starts in January, could expand stablecoin use and banks’ participation in digital assets. Adoption may not be immediate, but companies could use stablecoins to reduce payment costs and protect margins. As more assets become tokenized, Vietn expects some users and liquidity entering through stablecoins to flow into Bitcoin and the broader crypto ecosystem over time.