Bitcoin (BTC) is projected to reach an all-time high of $150,000 (approximately 208.5 million won) by the end of 2025. This suggests investors are pouring money into Bitcoin, which is considered a safe-haven asset alongside gold.
This view was echoed by Charles Edwards, founder of crypto investment firm Capriol Investments. In a recent interview with Cointelegraph at the Token2049 event in Singapore, Edwards emphasized that "if Bitcoin breaks above the psychological resistance level of $120,000 (approximately 166.8 million won), the price could surge to $150,000 very quickly," adding that a breakout of this level is possible within the next few days.
Bitcoin has risen more than 6% in the past week, recovering above $118,500 (approximately KRW 164.81 million) for the first time since August 15th. Market expectations are growing that this level could serve as a springboard for another price surge.
"Looking at global fund flows over the past year, there's a clear shift from gold to Bitcoin as a safe haven," Edwards said. "In particular, as macro instability increases, Bitcoin will strengthen its position as digital gold."
The upcoming Bitcoin halving, the looming possibility of President Trump's re-election, and the direction of the US Federal Reserve's monetary policy are also cited as variables that could influence Bitcoin's direction. Experts note that in addition to these external factors, on-chain indicators and increasing institutional demand are also factors supporting a long-term bull market.
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