Lark Davis, a cryptocurrency enthusiast, in his latest YouTube video, shared why Bitcoin will hit $200,000 by 2025. He emphasized that everything is lining up and that a perfect storm is brewing for the crypto markets. While the stock markets have recovered, the crypto investor says now is the time for crypto and bitcoin to shine.
Why does he believe 2025 is an epic year for Bitcoin?
He pointed out the potential for the US to start a strategic Bitcoin reserve and shared that Senator Cynthia Lumis has proposed buying one million Bitcoins over the next five years. He believes this event will push the price to sky-high levels.
He also underlined that Trump has many pro-Bitcoin people behind him, such as RFK Jr and JD Vance. If they start building a strategic Bitcoin reserve, no one is even close to optimistic enough about the impact it will have on the market, he claims.
Global game theory
He further noted that America will not be alone and that global game theory is already emerging. He noted how El Salvador made Bitcoin legal tender a few years ago and then started mining Bitcoin and even buying Bitcoin. It was also recently revealed that the Kingdom of Bhutan is quietly mining Bitcoin.
He also noted how the BRICKS Nations, the UAE and Ethiopia are all mining Bitcoin and that this is happening worldwide. Russia also just passed some sweeping regulations to legalize Bitcoin mining and set up a government agency for Bitcoin mining.
New business buyers
Microsoft has a shareholder vote to buy Bitcoin. He stated that Microsoft is sitting on hundreds of billions of dollars in cash, and even if they bought $5 to $10 billion with Bitcoin, it would trigger a huge rally and buying wave from other companies like Facebook and Apple.
He also highlighted Michael Saylor’s latest plan to buy $42 billion worth of Bitcoin, calling this non-stop bid of $10 billion per year for the next four years “utter madness.”
ETF boosts BTC prices
As for ETFs, he noted that about $1.4 billion was bought on Thursday, after about $600 million on Wednesday. He noted that Wall Street probably bought the equivalent of six months of mining output last month.
There were positive inflows of over $25 billion for Bitcoin ETFs this year, making it one of the most successful ETF launches in ETF history. He also added that the money will continue to come in through Wall Street’s passive bid for Bitcoin and that this will continue to drive up prices.
He also noted that the retail industry is starting to take more interest in the cryptocurrency markets. He also noted that interest rates are easing globally and the global liquidity index is rising. He also mentioned that China is announcing a $1.4 trillion stimulus package, which will have a huge impact on the market.
With the global M2 money supply rising, everything is lining up and it’s a perfect storm for the cryptocurrency markets that could send Bitcoin soaring to 200K.
Credit : coinpedia.org
