 KULR Technology predicts $200K Bitcoin price after buying $97K dip 
2025-01-07
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Bitcoin price may reach a $200,000 peak during the 2025 market cycle, according to New York Stock Exchange-listed KULR Technology Group, which bought millions worth of Bitcoin during the correction.
KULR Technology Group bought over $21 million worth of Bitcoin BTCUSD at the average price of $97,391 on Jan. 6, according to an announcement shared with Cointelegraph. 
The $21 million purchase occurred hours before Bitcoin reclaimed the $100,000 mark for the first time since Dec. 19, Cointelegraph Markets Pro data shows.
Still, Bitcoin may double its price from the current valuation, driven by growing adoption worldwide, according to Michael Mo, the CEO of KULR Technology.
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 said.
The US Bitcoin Act — championed by Wyoming Senator Cynthia Lummis — proposes the creation of a strategic Bitcoin reserve for the world’s largest economy.
Bitcoin may eventually surpass the $1 million price tag if the Bitcoin Act is accepted by US lawmakers, according to Adam Back, co-founder and CEO of Blockstream, the inventor of Hashcash and one of the most notable cryptographers in the industry.
However, Bitcoin’s market capitalization would need to attract another $2 trillion worth of capital to surpass the $200,000 mark, which would see BTC surpass Apple’s $3.7 trillion market capitalization to become the world’s second-largest asset.
Crypto regulations and Fed policy will drive Bitcoin price in 2025: Binance Research
Expectations of improving crypto regulations and monetary policy were some of the main drivers of Bitcoin’s rally to the $108,300 all-time high.
Bitcoin’s dip below $100,000 was likely caused by the Federal Reserve’s decision to deliver fewer interest rate cuts in 2025, according to a Jan. 6 report by Binance, which wrote:

The latest estimates suggest that the odds of a 0.25% interest rate cut are at 9.1%, while the odds of holding the current rate stand at 90.9%, according to estimates from CME Group’s FedWatch Tool.
While Bitcoin managed to recover above $100,000, sustaining the current rally will greatly depend on the evolving crypto regulations, Binance Research told Cointelegraph:
Meanwhile, the new year is already bringing signs of growing Bitcoin adoption among institutions. 
The governor of the Czech National Bank, Aleš Michl, recently considered Bitcoin in a diversification strategy for the country’s foreign exchange reserves, Cointelegraph reported on Jan. 7.
Eric Trump Explains How His Dad Could Propel BTC to $1M. Source: Cointelegraph/YouTube