Will Bitcoin Surpass $200,000 Despite Market Volatility?
Trump Causes Disturbance, But Bitcoin Still Forecasted to Surge
Although the Bitcoin market recently experienced a 5.5% decline after
U.S. President Donald Trump imposed retaliatory tariffs on other
countries, many experts remain optimistic about the future of this
cryptocurrency.
According to Ryan Rasmussen, Head of Research at Bitwise, the $200,000
price target by the end of 2025 remains unchanged. He believes that once
the market stabilizes after the shock caused by tariff policies, Bitcoin
will rebound strongly.
Bitcoin is currently being affected by the decline in the stock market,
particularly in the tech sector, with the Nasdaq dropping more than
5%.
However, from a long-term perspective, Bitcoin has outperformed gold, the
S&P 500, and the Nasdaq since November 5th.
Geoff Kendrick, Head of Digital Asset Research at Standard Chartered,
also confirmed that the forecast for Bitcoin to reach $200,000 by the end
of this year remains intact.
Opportunities for Breakthrough and Decisive Factors
Analysts believe that the uncertainty caused by tariff policies may soon
be resolved, helping the market recover quickly.
Cosmo Jiang from Pantera Capital commented that if the Trump
administration reaches the desired agreement, the tariffs could be lifted,
pushing Bitcoin’s price upward.
Additionally, predictions about the Federal Reserve (Fed) cutting
interest rates this year are another key factor supporting Bitcoin. Some
experts believe that without the tariff concerns, Bitcoin’s price would
have already reached $150,000.
However, according to Arthur Hayes, the former CEO of BitMEX, Bitcoin
needs to maintain support at $76,500 before April 15th, when Americans
complete their tax obligations. Otherwise, the market may continue to
witness significant volatility.
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