Analyst: Bitcoin Could Surge to $130K-$150K

BlockBeats News, May 28th, according to Cointelegraph report, Goldman Sachs partner and Galaxy Digital founder Mike Novogratz stated 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 behind this prediction. Novogratz said: "We had a frenzy peak around the presidential inauguration. Now, we will break through $106,000 to $108,000, and then start the next rally, 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, suggested that if the Federal Reserve resumes quantitative easing (QE) policies, the price of Bitcoin could rise to $250,000 by 2025.