KULR Technology CEO Predicts Bitcoin Could Hit $200,000 in 2025
Recently, KULR Technology Group, a New York Stock Exchange-listed company, accumulated millions of dollars worth of Bitcoin during the correction and predicted that Bitcoin may reach a peak of $200,000 during the 2025 market cycle.
Just recently, KULR Technology Group purchased over $21 million worth of Bitcoin on January 6 at an average price of $97,391. Notably, the $21 million purchase occurred just hours before Bitcoin surpassed the $100,000 mark for the first time since December 19.
Michael Mo, CEO of KULR Technology, believes that the price of Bitcoin could double from its current value due to increasing global adoption. Mo told Cointelegraph that this could see Bitcoin reach a cycle top above $200,000 in 2025.
“The biggest catalyst is national and state adoption of Bitcoin strategic reserves. The United States, Germany, Switzerland and other (countries) are currently investigating this,” he noted.
In December, KULR acquired 217.18 BTC for approximately $21 million, marking the launch of its Bitcoin vault. KULR said the acquisition is the first of multiple planned purchases as part of a broader strategy to allocate 90% of its remaining cash to Bitcoin.
