On the 10th (local time), Andre Dragos, a researcher at asset management company Bitwise,
ré Dragosch and Ayush Tripathi write that "Increasing US debt and President Donald Trump's tax cut policies are the main factors driving BTC's rise."
In their weekly cryptocurrency outlook report, the two researchers pointed to President Trump's "One Big Beautiful Bill"
The report points out that the impact of the proposed 2020 Bitcoin Bill on the U.S. finances will have a positive impact on Bitcoin. The bill includes a large tax cut, and the U.S. federal government
Fiscal insecurity is growing as debt and mandatory spending grow faster than tax revenues. The Congressional Budget Office (CBO) estimates that annual net interest spending will reach $3 trillion by 2030.
In response, he said, "Bitcoin, based on its scarcity and durability, can benefit from the dual effects of financial uncertainty and a recovery in market sentiment."
The recent spat between Elon Musk and Donald Trump was cited as an example of such a market reaction, after Musk criticized Trump's tax cut bill.
The conflict caused Bitcoin to fall 6% at the time, pushing it to the $100,000 mark. However, short selling liquidation occurred over the weekend, causing a rapid rebound, and the analysis concluded that "the bullish backdrop remains strong."
In particular, the Optimized Trend Tracker (OTT) has shown its first bullish signal since mid-2024, which could lead to BTC rising to at least $200,000 and up to $250,000 in 2025.
"The supply shock caused by the explosive growth in institutional demand could cause the BT
"I will raise Bitcoin to $200,000," he said. He also said that "power analyst" Kenny Gates, who is known for accurately predicting Bitcoin's past highs and lows,
The "law" model also suggests that Bitcoin could reach $200,000 by the end of this year.
2025/06/11 11:27 KST
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