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.

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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 a supporter of Bitcoin and advocate for fintech, also best known as the co-founder and former CEO of BitMEX, founded in the year 2014 alongside Benjamin Delo and Samuel Reed, with a headcount of 351. It is a leading cryptocurrency trading platform and has traded trillions in Bitcoin and other digital assets. Hayes, who worked in  Deutsche Bank and Citigroup as a derivatives trader, became interested in Bitcoin in 2013 after reading Satoshi Nakamoto's white paper. He stepped down as CEO of BitMEX in 2020 following regulatory challenges, Hayes is also known as the first crypto exchange executive charged under the Bank Secrecy Act. Hayes is recognized as the youngest African American billionaire in the crypto space.     Personal Details Born: 1985 Organization: BitMEX Location: Hong Kong Graduation: Earned a Bachelor of Science in Economics and Finance from the University of Pennsylvania and a Bachelor of Science in Economics and Finance from The Wharton School in 2008   Experience: Arthur Hayes is a Top Bitcoin Speaker involved in various Bitcoin events Served as Chief Investment Officer at Maelstrom from Dec 2022 to Present Served as Co-Founder at 100x Group from Oct 2020 to Present Served as Co-founder and CEO at 100x Group from Jul 2019 to Oct 2020 Served as CEO at BitMEX from Jan 2014 to Oct 2020 Served as Delta One Trader (Associate) at Citi from Jun 2011 to May 2013 Served as Associate at Deutsche Bank from Jul 2008 to Jun 2011 Served as Synthetic Equity Trader at Deutsche Bank from Jun 2008 to Jun 2011     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.

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