Bitcoin Predicted to Reach $200,000 By Year-End

Bitwise researchers predict Bitcoin could surpass $200,000 by the end of the year and potentially reach a 'fair value' of $230,000. The forecast is driven by factors such as Trump's proposed tax cuts and the rising US debt, positioning Bitcoin as a hedge against sovereign default risks. Bitwise analysts highlight Bitcoin's scarcity and resilience, making it uniquely positioned to benefit from fiscal instability and market sentiment improvements. The recent performance of Bitcoin during the Trump-Elon Musk feud showcased its ability to rebound quickly from price dips. Additionally, signals from the Optimized Trend Tracker (OTT) suggest a bullish breakout, indicating a potential price target of $200,000 in 2025, with a possible extension to $250,000. Overall, experts anticipate a supply shock from institutional demand driving Bitcoin's price to $200,000 by the end of 2025, supported by historical price models. Read more AI-generated news on: https://app.chaingpt.org/news