In a historic moment, Bitcoin (BTC) has crossed the $100K level and shattered all previous records. Now, analysts from Wall Street have set a new target of $200K for Bitcoin (BTC).
The Trump election win was the catalyst for the crypto rally. With the dropping interest rates and the expectations of pro-crypto policies, all the cryptocurrencies, including Bitcoin (BTC), have been rising to new highs.
Now, many investors are forecasting that the Bitcoin (BTC) price will double in the year 2025. According to an analyst from Bernstein, BTC can achieve a target of $200K in late 2025.
Experts cited that Trump has picked Paul Atkins to head the SEC. Also, Trump has planned an overhaul of the regulations which is also a good thing for the crypto industry. The Trump policies will be instrumental in making the crypto more mainstream and widely acceptable.
Also, global pension funds are expected to increase their ETF holdings and tap into the exciting returns of the BTC. Given all of this, a target of $200K doesn't seem too out of the picture.
Bitcoin (BTC) is already up 130% YTD and gained almost 45% since the win of Trump in November. Now, the general perception is that the SEC and other federal agencies will no longer be hostile toward cryptocurrencies.
One analyst added that Bitcoin (BTC) can reach a high of $225K by the end-2026. If we look back, many experts had set a target of $115K for Bitcoin in 2024.
According to Fundstart, Bitcoin (BTC) has the potential to reach $120K in the coming weeks. For the next year, they added that Bitcoin (BTC) will face structural tailwinds, which means the cycle will repeat itself.
From the looks of it, Bitcoin (BTC) may hover around the $100K level for some time. In the meantime, we can expect to move high and below the $100K in the short to medium term.