1. Bitcoin Price Adequate $230,000? Bullish Scenario Appears
The prospect of Bitcoin (BTC) hitting an all-time high in 2025 is gaining steam.
June 10 (Reuters) - Asset manager **Bitwise** put Bitcoin's end-of-year price target at $200,000 and an appropriate value of $230,000, signaling a bull market, according to cryptocurrency outlet CoinTelegraph.
They pointed to rising U.S. sovereign debt and former President Trump's tax cuts as the main catalysts behind Bitcoin's rise.
2. Will Trump's Tax Cuts, U.S. Debt, BTC Drive Up?
Bitwise analysts Andre Dragoch and Ayush Tripathi analyzed that Trump's "One Big Beautiful Bill Act" tax cut bill is deepening the federal government's fiscal deficit.
As a result, Bitcoin is attracting attention as a hedge against sovereign default risks, and it has diagnosed that demand could increase.
In fact, the U.S. Congressional Budget Office (CBO)** forecasts federal net interest costs to reach $3 trillion by 2030, making this fiscal instability a key factor in BTC's rise.
3. Technical Signals and Institutional Demand… BTC Breaks Over $200K
Recently, Bitcoin underwent a short-term correction after a war of words between Trump and Elon Musk, but it rebounded sharply over the weekend to regain the $100,000 mark.
"Despite the short fall, the bullish environment remains solid," Bitwise said.
Notably, technically, the Optimization Trend Tracker (OTT) indicator is reigniting the buy signal for the first time since mid-2024, signaling an uptick.
Analysts Stock Money Lizard noted that the indicator was a sign that appeared just before the Bitcoin surge in the past.
"BTC will surpass $200,000 by the end of 2025 as the increase in institutional demand and supply shock combine," Bitwise CIO Matt Hogan said in an interview.
In addition, the price of Bitcoin is currently trading around $109,800, and Power Law-based models are also supporting this bullish scenario.
[Conclusion]
A combination of the U.S. fiscal crisis, tax cut policies and increased institutional demand is boosting the prospect of raising Bitcoin's price to $230,000.
2025 is likely to be a rising trend for Bitcoin.