Bitcoin price could hit $140k as institutional interest rises: MEXC COO
Macroeconomic uncertainty is causing institutions to rethink their positions, which is leading many to Bitcoin, says Tracy Jin.
The increasingly turbulent macroeconomic environment is making companies rethink their investment strategies. However, this may be good for Bitcoin (BTC), as institutions flee from traditional types of assets. Tracy Jin, COO of the MEXC exchange, told crypto.news that increased institutional interest can potentially push Bitcoin’s price to $140,000.
Jin noted that many corporations have pivoted sharply toward integrating Bitcoin into their portfolios. In particular, institutional capital is moving away from U.S. Treasurys, which no longer carry the safe-haven status they once held.
“Importantly, this is not a flight from risk — it’s a flight from the old model of risk. Bond yields in the U.S. and Japan are surging, sovereign debt burdens are flashing red, and even the last remaining AAA credit badge is gone. For decades, Treasurys were the safe haven during turbulent times. Today, capital is running from them. Japanese institutions are rethinking their exposure to U.S. bonds, while American investors are watching political tensions creep into Fed policy decisions,” Tracy Jin, MEXC.
The flight from bonds was partially due to Moody’s cutting the U.S. credit rating, losing its perfect score. Escalating government debt, trade policy, and pressures are hurting the U.S. dollar’s appeal, especially among investors abroad.
Bitcoin’s price could reach $140,000: Jin
In response, Bitcoin ETFs have seen inflows totaling $2.75 billion, much of it driven by institutional demand. If the current uncertainty persists, more investors may increase their Bitcoin exposure. In that case, Jin believes BTC could reach $140,000 as early as this summer.
“If corporate finance and institutional momentum persist, Bitcoin is expected to break the $109,500 and $111,000—$112,000 resistance range in the coming weeks and head towards the $140,000 range towards the end of summer.,” Tracy Jin, MEXC.
Still, Jin acknowledged that if macro uncertainty weighs too heavily on corporate demand, Bitcoin’s upside could falter. The $100,000 level remains a strong support, and BTC retains its bullish structure unless it breaks below $94,000.
