KULR Technology Group, a New York Stock Exchange business, predicts Bitcoin might reach $200,000 by 2025. KULR recently invested $21 million in Bitcoin at an average price of $97,391, leading to this estimate.
The acquisition, worth 217.18 BTC, occurred on January 6, just hours before Bitcoin recovered the $100,000 threshold. This huge investment signals the beginning of KULR’s Bitcoin treasury effort, which seeks to convert up to 90% of the company’s surplus cash into Bitcoin over time.
Michael Mo, CEO of KULR Technology, voiced optimism about Bitcoin’s future, citing worldwide acceptance and national strategic BTC reserves as major growth drivers. Countries such as the United States, Germany, and Switzerland are allegedly investigating the possibility of storing Bitcoin as a reserve asset.
I'm still trying to understand what happened in France. But we hear the concerns. I made it my personal goal to prevent abusers of Telegram's platform from interfering with the future of our 950+ million users.
— Pavel Durov (@durov) September 5, 2024
My full post below. https://t.co/cDvRSodjst
According to KULR’s forecasts, Bitcoin’s value might double from its present levels, perhaps reaching $200,000 by 2025. The company believes that the growing adoption of Bitcoin by institutions and governments will play an important role in propelling its price to new highs.
Furthermore, Senator Cynthia Lummis’ proposed U.S. Bitcoin Act might increase Bitcoin’s attractiveness by designating it as a strategic reserve for the world’s largest economy. If these projects gain momentum, experts predict that Bitcoin will eventually surpass the $1 million mark.
However, completing these milestones will be contingent on a variety of factors, including growing cryptocurrency rules and the monetary policies of central institutions such as the Federal Reserve. While Bitcoin has risen past $100,000, its long-term success will depend on regulatory clarity and continued market adoption.
KULR’s strategic investment demonstrates their belief in Bitcoin as a revolutionary asset. As more organizations and governments understand its potential, Bitcoin’s path to $200,000—and beyond—becomes more attainable.
