KULR Technology CEO Predicts Bitcoin Could Hit $200,000 in 2025

The post KULR Technology CEO Predicts Bitcoin Could Hit $200,000 in 2025 appeared first on Coinpedia Fintech News Recently, the New York Stock Exchange listed KULR Technology Group which stockpiled millions worth of Bitcoin during the correction has predicted that Bitcoin may reach a $200,000 peak during the 2025 market cycle. Just recently, KULR Technology Group bought over $21 million worth of Bitcoin at the average price of $97,391 on Jan. 6. Notably, the $21 million purchase occurred hours before Bitcoin reclaimed the $100,000 mark for the first time since Dec. 19. Michael Mo, CEO of KULR Technology, believes that Bitcoin could double its price from its current value due to increasing global adoption. This may set up Bitcoin for a cycle top of above $200,000 in 2025, Mo told Cointelegraph. “The biggest catalyst is the adoption of a strategic BTC reserve by nations and states. US, Germany, Switzerland, and other [countries] are currently looking into it,” he noted. In December, KULR acquired 217.18 BTC for about $21 million, marking the start of its Bitcoin treasury. The company plans to allocate up to 90% of its surplus cash into Bitcoin through future purchases. Notably, the US Bitcoin Act backed by Wyoming Senator Cynthia Lummis proposes the creation of a strategic Bitcoin reserve for the world’s largest economy. Adam Back, co-founder and CEO of Blockstream, believes that Bitcoin could exceed $1 million if the Bitcoin Act is approved by US lawmakers. Besides, Former BitMEX CEO Arthur Hayes has recently shared his bold prediction for the cryptocurrency market, stating that it will likely reach its peak by mid-March 2025, before experiencing a severe correction.