BiyaPay Analyst: Multiple Positive Factors Driving BTC to New All-Time Highs, Will It Reach $200,000 This Time?
BlockBeats News, July 12th, Bitcoin recently broke through $116,500, hitting a new all-time high once again, with a nearly 20% increase since the beginning of this year. The surge was mainly driven by several positive factors: the Fed's rate cut expectations, Trump's signing of the tax expenditure bill, and the easing of the global trade war, all intensifying the market's demand for safe-haven assets like Bitcoin.
Bitcoin's breakthrough has raised market attention to whether it can continue to rise, especially towards the psychological barrier of $200,000. According to Adam Guren, Chief Investment Officer of Hunting Hill, Bitcoin's recent rise reflects the combination effect of ETF inflows, increasing institutional adoption, and a favorable macro environment. Unlike previous cycles, the current demand is structural, regulated, and sticky, indicating that Bitcoin's upward momentum may continue.
Furthermore, the rise in M2 money supply and institutional fund inflows have provided further room for Bitcoin's price to rise. Analysts from CryptoQuant pointed out that most Bitcoin holders are still in a profitable position, providing support for the market. While there is a risk of profit-taking in the short term, Bitcoin still maintains a strong upward trend.
So, will Bitcoin reach $200,000? Some experts believe that if the current market trend persists and the M2 money supply continues to increase, we may see further price increases in Bitcoin by the end of the year, possibly reaching $150,000 to $200,000.
Against the backdrop of this Bitcoin surge, BiyaPay offers users convenient global investment services. Through BiyaPay, users can directly trade US stocks and Hong Kong stocks using USDT without applying for an offshore account, enabling real-time participation in stock trading. Additionally, BiyaPay supports the exchange of over 200 cryptocurrencies such as BTC, Ethereum, and offers spot and contract limit order trading with zero transaction fees, allowing you to trade at a lower cost in the crypto market.
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