As Bitcoin Bull Heats Up, Global Finance Company Founder Updates His Previous “Bitcoin 100k by the End of This Year” Prediction: Here’s the New Number

Rali Perduhova, Co-Founder and CEO of 7RCC Global, in a recent interview with “Bloomberg Crypto.” of Bitcoin He made a bold prediction about his future. Perduhova believes BTC could reach a staggering $200,000 by the end of the year.

A few months ago such a prediction might have seemed far-fetched. However, Perduhova argues that various catalysts could push Bitcoin to this level. “Last time we were here, our goal was 100,000. “We are currently revising this to 200 by the end of the year, it may even be higher,” he said.

One of the important catalysts that Perduhova points out is the recent approval of Spot ETFs. This development not only opened the door to broader adoption of assets in the US, but also changed the trend in BTC globally.

Perduhova, who has been in about five or six countries in the last month, stated that the conversations with investors have changed significantly. “Yesterday England cryptocurrency We have seen it open the door for backed ETNs. “The day after we saw approvals in the US, we had ten issuers applying for a spot Bitcoin ETF in Hong Kong,” he added.

Perduhova added that she continues to believe $40-50 billion in the first year is a very realistic forecast for ETFs in the US. This demand, combined with demand outside the United States and the upcoming halving event, could put tremendous pressure on the Bitcoin price, according to Perduhova.

When asked if the halving event was already priced in, Perduhova made the following statement:

“Simply looking at supply and demand, our miners are currently providing around 900 bitcoins per day. By mid-April, this number will drop to 450 bitcoins per day. We see demand for approximately 10,000 bitcoins per day. So if people are pricing this in right now, I think we’re definitely going to see that pressure on the price just because of supply and demand.”

*This is not investment advice.