Internet reports that although Bitcoin prices hover slightly below the all-time high in January this year, digital asset ETF issuer 21Shares believes that there is more room for Bitcoin to rise this year. "Bitcoin is on the verge of a breakthrough," 21Shares research strategist Matt Mena wrote in a report released Monday. He believes that the current Bitcoin rally is not driven by retail investors, but by a combination of multiple structural forces, including institutional capital inflows, historic supply tightening and improvements in the macroeconomic environment. These factors signal that Bitcoin will hit new historical highs along a more lasting and mature path. Spot Bitcoin ETFs continue to absorb more bitcoins than daily mining output, further tightening supply. At the same time, major institutions, companies like Strategy and newcomers Twenty One Capital are also constantly accumulating Bitcoin, and even some countries are beginning to explore establishing strategic reserves. Mena predicts that the combination of these factors could push Bitcoin to $138,500 this year.