COINOTAG reported on May 28th that recent remarks from financial luminaries indicate a bullish outlook on Bitcoin. Mike Novogratz, founder of Galaxy Digital, highlighted the influence of robust institutional inflows, a declining dollar, and the escalating interest in digital assets as key catalysts for potential price surges. He noted that after hitting a fervent peak around the last presidential inauguration, Bitcoin seems poised to exceed the $106,000 to $108,000 range, setting the stage for what he describes as an impending price discovery phase, targeting between $130,000 and $150,000.
Furthermore, Geoff Kendrick, Global Head of Digital Assets at Standard Chartered Bank, anticipates Bitcoin could reach $120,000 by mid-2025, with the ascent of stablecoins potentially driving the price up to $200,000 by year’s end. Meanwhile, Arthur Hayes, co-founder of BitMEX, suggests that a return to quantitative easing by the Federal Reserve could see Bitcoin’s price soar to $250,000 by 2025, underlining the critical role of macroeconomic factors in the crypto landscape.