US investment bank “BTC could reach $225,000 this year with a favorable regulatory environment”

According to CNBC, US-based investment bank HC Wainwright recently said in an investor note that it is “raising its target price for Bitcoin from $145,000 to $225,000.” The memo said, “A favorable regulatory environment for cryptocurrencies is expected to be created under the Trump administration's second term, and considering the launch of a cryptocurrency spot ETF and the trend of corporate adoption, BTC is expected to reach $225,000 by the end of this year.” However, BTC has shown a high correlation with global money supply (M2), which has been declining since October last year. As a result, BTC may fall to $75,000 in the first quarter of this year and then turn upward again.

The memo said, “It is expected that a favorable regulatory environment for cryptocurrency will be created in the Trump administration's second term, and considering the launch of a cryptocurrency spot ETF and the trend of corporate adoption, BTC is expected to reach $ However, if the US adopts BTC as a strategic reserve asset this year, the target price will be significantly increased.” he explained.