KULR Technology CEO Predicts Bitcoin Could Hit $200,000 in 2025

Recently, the New York Stock Exchange listed KULR Technology Group which stockpiled millions worth of Bitcoin during the correction has predicted that Bitcoin may reach a $200,000 peak during the 2025 market cycle.

KULR Technology’s $21M Bitcoin Investment and Its $200K Prediction

Just recently, KULR Technology Group bought over $21 million worth of Bitcoin at the average price of $97,391 on Jan. 6. Notably, the $21 million purchase occurred hours before Bitcoin reclaimed the $100,000 mark for the first time since Dec. 19. 

Bitcoin’s Potential Surge: Global Adoption Driving the $200K Peak

Michael Mo, CEO of KULR Technology, believes that Bitcoin could double its price from its current value due to increasing global adoption. 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 noted.

The US Bitcoin Act and Strategic BTC Reserves: A Game Changer for Bitcoin

In December, KULR acquired 217.18 BTC for about $21 million, marking the start of its Bitcoin treasury. The company plans to allocate up to 90% of its surplus cash into Bitcoin through future purchases.

Notably, the US Bitcoin Act backed by Wyoming Senator Cynthia Lummis proposes the creation of a strategic Bitcoin reserve for the world’s largest economy. Adam Back, co-founder and CEO of Blockstream, believes that Bitcoin could exceed $1 million if the Bitcoin Act is approved by US lawmakers.

Besides, Former BitMEX CEO Arthur Hayes Arthur Hayes   Arthur Hayes is an investor and entrepreneur from the United States. He is the previous CEO of BitMEX, one of the top cryptocurrency derivatives exchanges globally. In 2014, he co-established BitMEX, facilitating cryptocurrency trading through leveraged Bitcoin futures.   He is often seen sharing his insights and views on the Bitcoin market. He also backs crypto-related projects and helps them gain momentum with his advice on the market.   Quick Facts   Full name Arthur Hayes Birth 1985, Detroit, Michigan Nationality American Education Economics & Finance from the Wharton School of Business  Marital status Married Net worth Estimated $500-700 million   Hayes previously worked at Deutsche Bank and Citigroup. While working at these fintech firms, Arthur concentrated on establishing crypto derivatives as a common standard. In 2021, he encountered legal problems concerning BitMEX's compliance. Nevertheless, he settled the matter through legal means.   Arthur Hayes - Timeline and Events   2016 – Launched the XBTUSD perpetual swap, revolutionizing crypto trading. 2018 – BitMEX became one of the largest Bitcoin trading platforms. 2020 – Faced legal scrutiny but remained a key industry figure. 2021 – Settled U.S. legal issues and stepped down as BitMEX CEO. 2022 – Focused on crypto investments and writing industry insights. 2023 – Advocated for Bitcoin adoption and decentralized finance (DeFi). 2024 – Continued shaping the digital asset space through investment and research.   Arthur has collaborated with various blockchain experts and engaged with innovative startups for the growth of crypto and Web3 innovations. He continues to be an influential voice in the crypto space and shares his perspectives on Bitcoin, DeFi, and blockchain regulations.   Useful Links to Connect With Arthur Hayes   Platform Link X (formerly Twitter) https://twitter.com/CryptoHayes LinkedIn https://www.linkedin.com/in/arthur-hayes BitMEX Website https://www.bitmex.com Personal Blog https://cryptohayes.substack.com EntrepreneurInvestorChief Executive OfficerTrader has recently shared his bold prediction for the cryptocurrency market, stating that it will likely reach its peak by mid-March 2025, before experiencing a severe correction.