Editor's PiCK
Bitcoin Approaches All-Time High by $2,000… "Expected to Reach $200,000 This Year"
Summary
- Bitcoin is currently at $106,432, up 3.12% from the previous day, and is on the verge of breaking its all-time high.
- Industry experts predict that Bitcoin could reach $200,000 this year.
- Arthur Hayes and Matt Hougan forecast that Bitcoin could reach $150,000-$250,000, citing increased institutional demand as a driving factor.
Bitcoin (BTC) is on the verge of breaking its all-time high.
As of 8:55 AM on the 19th (KST), Bitcoin is trading at $106,432, up 3.12% from the previous day. This brings its market capitalization to $2.11 trillion (approximately 2,800 trillion KRW).
With today's upward trend, Bitcoin is just about $2,000 away from breaking its all-time high. The highest price Bitcoin has ever reached was $108,108, recorded last January.
The market is closely watching how far Bitcoin's upward trend will continue. Industry experts predict that Bitcoin could rise to $200,000 this year. Arthur Hayes, co-founder of BitMEX, mentioned in an interview that "Bitcoin could reach $250,000 this year, with a short-term rally to $150,000-$200,000 in the summer."
Matt Hougan, Chief Investment Officer (CIO) of Bitwise, also stated at the 'Consensus2025' announcement that "miners will mine over 165,000 Bitcoins this year, and listed companies are already accumulating more than that," predicting that "with the increase in institutional demand, Bitcoin could rise to $200,000 by the end of the year."
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
