top of page

Bitcoin could surge to $200,000 in mid-2025: Bitfinex analysts

A.R.T Digital Team
Bitcoin could surge to $200,000 in mid-2025: Bitfinex analysts

The world's leading cryptocurrency is poised for sustained growth in 2025, analysts forecast.


On Tuesday, the price of bitcoin skyrocketed to more than $108,000 in New York, reaching a new milestone of $108,135. The price jump reflected sustained gains for the world’s leading cryptocurrency, which saw a 12% increase over the past week.


"We’re seeing true price action – bitcoin is moving higher," said David Foley, co-managing partner of the Bitcoin Opportunity Fund, a hedge fund investing in the bitcoin ecosystem.


Companies like MicroStrategy, which recently broke into the Nasdaq 100, were among the reasons for bitcoin's upward push. Michael Saylor's firm – nominally a software company – has emerged as a major bitcoin investor, as the world's largest corporate buyer of bitcoin. As a result, MicroStrategy stock is now widely considered a proxy for bitcoin. On Monday, the firm announced the additional purchase of 15,350 bitcoins for approximately $1.5 billion.


Source - The Street


Comments


bottom of page