Bitcoin will reach $200,000 in 2025
Recently, I went to see the analysis of GK (the chief of foreign exchange and cryptocurrency research at Standard Chartered Bank), who previously made accurate predictions about Bitcoin's price points. Last April, when Bitcoin was still priced at $27,000, he predicted that Bitcoin would reach $100,000 by the end of 2024. The current price is just around $100,000. His latest research report states that the target price for Bitcoin next year is $200,000. The main points supporting his prediction are as follows:
1. This year, Bitcoin's price has been pushed up by institutions (mainly through ETFs and Microstrategy, which purchased over 683,000 BTC). It is expected that institutional buying levels in 2025 will remain at this year's level or higher (Microstrategy's latest three-year plan announcement indicates this), and with Trump coming to power, some traditional funds may increase their investments in Bitcoin.
2. The biggest positive is that after Trump comes to power, there is a possibility that Bitcoin could be used as a strategic reserve asset (a low-probability event with high odds), and then Bitcoin can truly be called digital gold.
3. Various countries are increasing their reserves of Bitcoin to varying degrees.
I personally believe that price point predictions are not that important; what matters is that with these macro factors in place, Bitcoin likely still has at least half a year to allow everyone to freely swim.
