Lark Davis: Bitcoin will grow to $ 200,000

Cryptocurrency analyst Lark Davis has spoken about the factors that could push Bitcoin BTC $91,003.48 Bitcoin -0.45% Market capitalization $1.8 trillion VOL. 24 hours $2.22 billion to $ 200,000 in 2025. Against this backdrop, a «perfect storm» is approaching the cryptocurrency market.

According to the expert, due to the growth of stock markets, it is time for the rapid development of cryptocurrencies, especially Bitcoin.

Among the key factors for this, Davis highlighted the possible creation of a strategic Bitcoin reserve in the United States, as evidenced by Senator Cynthia Lummis' proposal to purchase one million Bitcoins over the next 5 years.

The expert drew attention to the support for Bitcoin from Donald Trump’s supporters, including Robert Francis Kennedy Jr. and J.D. Vance.

Such attention from American officials can significantly affect market dynamics if the idea of creating a strategic reserve is implemented.

Exchange traded funds (ETFs)also have a significant impact on the price of Bitcoin. In the last week alone, the volume of purchases amounted to $ 1.4 billion on Thursday and more than $ 600 million on Wednesday.

Over the past month, Wall Street has acquired a volume equal to six months of miners' production. Total inflows into Bitcoin ETFs this year have exceeded $ 25 billion, making them one of the most successful ETF launches in history.