On May 28, according to Cointelegraph, Goldman Sachs partner and Galaxy Digital founder Mike Novogratz stated that Bitcoin will reach $130,000 to $150,000. He pointed out that strong institutional capital inflows, a weakening US dollar, and growing demand for digital assets are the main driving factors for this prediction.
Novogratz said: "We experienced a euphoric high point around the presidential inauguration. Now it seems we will break through $106,000 to $108,000 and then start the next round of increase, with a target range of $130,000 to $150,000, at which point we will enter the price discovery phase."
Geoff Kendrick, Standard Chartered Bank's global head of digital assets, stated that Bitcoin is expected to reach $120,000 in the first half of 2025 and potentially hit $200,000 by the end of the year, driven by the rise of stablecoins.
BitMEX co-founder Arthur Hayes suggested that Bitcoin could rise to $250,000 in 2025 if the Federal Reserve resumes quantitative easing (QE) policy.
