Analyst: Bitcoin May Rise to $130,000 to $150,000
On May 28, Cointelegraph reported that Goldman Sachs partner and Galaxy Digital founder Mike Novogratz stated that Bitcoin will reach $130,000 to $150,000. He pointed out that strong institutional inflows, a weakening dollar, and increasing demand for digital assets are the main drivers of this prediction. Novogratz said: 'We experienced a frenzied peak around the presidential inauguration. It now seems that we will break through $106,000 to $108,000, and then enter the next upward phase, targeting a range of $130,000 to $150,000, at which point we will enter a price discovery phase.' Geoff Kendrick, Standard Chartered's global head of digital assets, stated that Bitcoin is expected to reach $120,000 in the first half of 2025 and, driven by the rise of stablecoins, could challenge $200,000 by the end of the year. BitMEX co-founder Arthur Hayes stated that if the Federal Reserve resumes quantitative easing (QE) policies, the price of Bitcoin could rise to $250,000 by 2025.
