BlockBeats News, May 28th, according to Cointelegraph report, Goldman Sachs partner and Galaxy Digital founder Mike Novogratz said that Bitcoin will reach $130,000 to $150,000. He pointed out that strong institutional inflows, a weakening dollar, and the increasing demand for digital assets are the main driving factors of this prediction. Novogratz said: "We experienced a fervor peak around the presidential inauguration. Now, it looks like we will break through $106,000 to $108,000 and then start the next round of gains, with a target range of $130,000 to $150,000, entering a price discovery phase by then."
Geoff Kendrick, Global Head of Digital Assets at Standard Chartered Bank, stated that Bitcoin is expected to reach $120,000 in the first half of 2025 and, driven by the rise of stablecoins, could hit $200,000 by the end of the year.
Arthur Hayes, co-founder of BitMEX, said that if the Federal Reserve resumes quantitative easing (QE) policy, the price of Bitcoin could rise to $250,000 by 2025.
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