Analyst: Bitcoin will rise to $130000 to $150000

On May 28th, according to Cointelegraph, Mike Novogratz, a partner at Goldman Sachs and founder of Galaxy Digital, stated that Bitcoin will reach $130000 to $150000. He pointed out that the strong inflow of institutional funds, the weakening of the US dollar, and the growing demand for digital assets are the main driving factors for this forecast. Novogratz said, "We experienced a crazy high before and after the presidential inauguration ceremony. Now it seems that we will break through $106000 to $108000 and then start the next round of price exploration, with a target range of $130000 to $150000 Geoff Kendrick, Global Head of Digital Assets at Standard Chartered Bank, stated that Bitcoin is expected to reach $120000 in the first half of 2025 and hit $200000 by the end of the year, driven by the rise of stablecoins. BitMEX co-founder Arthur Hayes stated that if the Federal Reserve resumes its quantitative easing (QE) policy, the price of Bitcoin may rise to $250000 by 2025.