Possible Reasons Bitcoin Could Reach $200,000:

1. Institutional Adoption: Large institutions like BlackRock, Fidelity, and others have launched Bitcoin ETFs, bringing in massive investments.

2. Limited Supply: Bitcoin has a maximum supply of 21 million — if demand increases while supply remains fixed, the price could rise.

3. Halving Effect: Every four years, Bitcoin undergoes a "halving" event, reducing miners' rewards. Historically, this has positively impacted Bitcoin's price.

4. Inflation Hedge: Many investors view Bitcoin as "digital gold," especially when the US dollar weakens.