KULR Technology Group, a company listed on the New York Stock Exchange, has projected that Bitcoin could reach a value of $200,000 during the 2025 market cycle. This prediction follows the company’s significant purchase of Bitcoin, investing over $21 million at an average price of $97,391 when the market corrected on January 6. This acquisition occurred just hours before Bitcoin surged past the $100,000 mark, according to data from Cointelegraph Markets Pro.
Michael Mo, the CEO of KULR Technology, believes that Bitcoin could double its current market valuation due to increasing global adoption. He indicated that the development of strategic Bitcoin reserves by various nations, including the United States, Germany, and Switzerland, could serve as a key catalyst for this growth.
The US is considering the Bitcoin Act, introduced by Wyoming Senator Cynthia Lummis, which proposes creating a strategic Bitcoin reserve. If enacted, this could propel Bitcoin’s value beyond the $1 million price point, according to Adam Back, co-founder and CEO of Blockstream. However, achieving a price of $200,000 would require Bitcoin’s market capitalization to gain an additional $2 trillion, surpassing Apple’s current market cap to become the world’s second-largest asset.
Factors such as international crypto regulations and the U.S. Federal Reserve’s monetary policy are anticipated to influence Bitcoin’s price trajectory in 2025. Binance Research reported that the Federal Reserve’s decision to reduce its 2025 rate cut plans contributed to a market correction in late December, affecting Bitcoin’s price.
Sustaining Bitcoin’s rally above $100,000 will largely depend on the development of crypto regulations and the Federal Reserve’s policy decisions in 2025, according to Binance Research. Meanwhile, institutional interest in Bitcoin continues to rise, with the Czech National Bank’s Governor Aleš Michl considering Bitcoin as a diversification option for the country’s foreign exchange reserves.
