As of February 19, 2025, Bitcoin ($BTC ) is trading at $96,408, with an increase of $493 (0.51%) compared to the previous close.

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Recently, Anthony Scaramucci, a prominent Wall Street fund manager, predicted that Bitcoin could reach $200,000 this year, backed by potential U.S. reserves in the cryptocurrency.

However, macroeconomic factors, such as an aggressive stance from the Federal Reserve and higher-than-expected inflation data, have resulted in outflows of $415 million in cryptocurrency-related ETFs, impacting the demand for risk assets.

Despite these challenges, Bitcoin has shown resilience, recording a weekly increase of 0.8%. Additionally, companies like MicroStrategy continue to trust in its potential, having recently acquired 7,600 bitcoins, accumulating a total of 478,000 bitcoins in their reserves.