The Business & Technology Network
Helping Business Interpret and Use Technology
S M T W T F S
 
 
 
 
 
1
 
2
 
3
 
4
 
5
 
6
 
7
 
8
 
9
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
26
 
27
 
28
 
29
 
30
 

Bitcoin To Shoot To $200K In 2025? Analyst Claims It Going To be An EPIC Year

DATE POSTED:November 11, 2024
Bitcoin Price Today

The post Bitcoin To Shoot To $200K In 2025? Analyst Claims It Going To be An EPIC Year appeared first on Coinpedia Fintech News

Lark Davis, a cryptocurrency enthusiast, in his latest YouTube video, has shared why Bitcoin is going to $200,000 in 2025. He emphasized that everything is lining up and a perfect storm is coming for the crypto markets. While Equity markets have been rallying, the crypto investor says that it’s now time for crypto and bitcoin to shine. 

Why does he believe 2025 is an Epic year for Bitcoin?

He noted the potential for the USA to start a strategic Bitcoin Reserve and shared that Senator Cynthia Lumis has proposed buying a million Bitcoins over the next 5 years. He believes that this event is going to push the price to sky-high. 

He also underscored that Trump has got a lot of pro-Bitcoin people behind him like RFK Jr, and JD Vance. If they start building a strategic Bitcoin reserve, then there no one is even close to bullish enough on the impact that is going to have on the market, he claims.  

The Global Game Theory

He further noted that America is not going to be the only one and that the global game theory is already playing out. He noted how a few years ago, El Salvador made Bitcoin a legal tender and then they started mining Bitcoin and even started buying Bitcoin. Also, recently, it was revealed that the Kingdom of Bhutan has quietly been mining Bitcoin.

He also noted how the BRICKS Nations, the UAE, and Ethiopia are all mining Bitcoin and it’s happening globally. Russia just also passed a bunch of sweeping regulations to legalize Bitcoin mining and set up a Bitcoin mining government agency. 

New Corporate Buyers

Microsoft has a shareholder vote to buy Bitcoin. He stated that Microsoft is sitting on hundreds of billions of dollars in cash, and even if they buy 5-10 billion with the Bitcoin, then that would kick off a massive rally and buying spree from other corporates like Facebook and Apple.

He also underscored Michael Saylor’s latest plan to buy $42 billion worth of bitcoin, and called this non-stop bid of $10 billion a year for the next four years as ‘utter Insanity’.

ETF Driving BTC Prices

Coming to ETFs, he noted that his week, about $1.4 billion was bought on Thursday after about $600 million on Wednesday. He noted that last month Wall Street bought probably the equivalent of 6 months of miner production.

There were $25 billion-plus positive inflows for Bitcoin ETFs this year making it one of the most successful ETF launches in the history of ETFs. He also added that the money is just going to keep coming in the passive bid from Wall Street for Bitcoin and this will keep driving the prices higher. 

He also remarked how retail is starting to take more interest in the cryptocurrency markets. He also noted that rates are easing globally and the global liquidity index going up. He also mentioned China announcing a $1.4 trillion doll stimulus package which is going to have a massive impact on the Market.

With the global M2 money supply surging, everything is lining up and it’s a perfect storm for the cryptocurrency markets that could send Bitcoin surging up to 200K.