Analyst: Bitcoin Could Reach $220,000 by 2025

BlockBeats News, May 16th, according to Cointelegraph report, crypto analyst Apsk32 stated that Bitcoin has set a new high following gold, a theory that is quite popular among bullish investors. Historically, Bitcoin tends to surge after a few months of gold's rise. With the gold price hitting a historical high of $3,500 per ounce, the future price trend of Bitcoin has become even brighter.

Apsk32 mentioned the concept of the "Power Law Corridor," which measures the Bitcoin price in gold ounces to mitigate the impact of USD inflation. If Bitcoin's network value (measured in gold) continues to evolve along the Power Law Corridor, and gold maintains its current price, while Bitcoin's price returns to the five-year leading support, a target of $444,000 could be achievable this year. However, this week, Apsk32 believes a more "realistic" target price for 2025 would be around $220,000. And if the Bitcoin price surpasses $250,000, it would be considered above the expected range.