Analyst: Bitcoin May Break $200,000 by Year-End, Its "Fair Value" Is $230,000

BlockBeats News, June 11, according to a report by Cointelegraph, the current price of Bitcoin is $109,601. Bitwise researchers André Dragosch and Ayush Tripathi stated that it is expected to surpass $200,000 by the end of the year and ultimately reach their estimated "fair value" of $230,000.

In their weekly crypto market outlook, Dragosch and Tripathi highlighted that soaring U.S. federal debt, mandatory spending exceeding revenues, coupled with Trump's proposed "Great Tax Act" plan for tax cuts, are key factors driving their bullish outlook on Bitcoin.

The U.S. Congressional Budget Office (CBO) predicts that net interest expenses will rise to $3 trillion by 2030, sparking concerns in the market about a potential U.S. sovereign default. Bitwise analysts stated: "Bitcoin's scarcity and resilience to risk put it in a uniquely advantageous position amidst fiscal instability and improving market sentiment." If these trends continue, Bitcoin is expected to surpass price expectations by the end of the year.