At the end of April 2023, significant events occurred in the Bitcoin (BTC) market.
President Trump's statement on lowering tariffs on goods imported from China boosted investor confidence.
The new SEC Chairman, Paul Atkins' positive stance on cryptocurrencies supported the market.
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🏦 Institutional Interest
Jeff Kendrick, an analyst at Standard Chartered Bank, predicted that the price of Bitcoin could reach $120,000 in the second quarter of 2025. He explains this growth with the following factors:
In times of economic uncertainty, investors are viewing Bitcoin as a safe haven over traditional assets.
Increased capital flow into Bitcoin-based ETFs.
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🏛️ Government Policy
In March, President Trump signed a decree to establish a "Strategic Bitcoin Reserve." This reserve consists of 200,000 BTC owned by the U.S. federal government and aims to strengthen the country's leadership in the cryptocurrency sector.
🔮 Future Predictions
Peter Chung, head of research at Presto, stated that the price of Bitcoin could reach $210,000 by the end of 2025.
