Bitcoin predicted to hit $200,000 by the end of next year

Bitcoin, which has surpassed $100,000, is predicted to reach $200,000 by the end of 2025. Recently, Bitcoin has been under scrutiny as President-elect Donald Trump has repeatedly criticized cryptocurrencies.
The dollar has risen to over $103,000 as a result of the government's decision to implement policies friendly to the US dollar and the US dollar's currency.
Gautam Chaudhney, CEO of Bitcoin, said, "Bitcoin will surpass $200,000 by the end of 2025, hitting an all-time high," and "We expect Bitcoin to replace gold over the next decade.
"We believe that Bitcoin will emerge as a new era store of value that will become the standard for corporate financial management," he said. Standard Chartered, a global investment bank, also announced it will invest in Bitcoin this year.
The rally has been led by institutional investors, who revealed they have purchased 683,000 Bitcoin so far this year through physical exchange-traded funds (ETFs).
Jeff Kendrick, the bank's global head of digital assets, said, "We're going to see a lot of institutional capital flow into 2025. We're going to see Bitcoin at the end of 2025."
"I expect that Bitcoin will surpass $200,000," he predicted. After being elected president, Trump introduced a series of cryptocurrency-friendly measures. Gary Gensler, a conservative SEC official,
The SEC appointed former SEC Commissioner Paul Atkins, a prominent pro-cryptocurrency figure, as the new SEC chairman to replace Chairman Larry.
Next, the White House's head of artificial intelligence (AI) and cryptocurrency will be asked to provide payment company PepsiCo.
The company has appointed David Sachs, former chief operating officer of Ipar, to the board. This has helped Bitcoin rise by about 130% so far this year, and by about 100% since Trump's election.
It increased by 45%.