Analyst: Bitcoin may rise to $220,000 by 2025

Odaily News Crypto analyst Apsk32 said that Bitcoin following gold to a new high is a popular theory among bullish investors. Historically, Bitcoin usually follows gold's rise a few months after it rises. With the price of gold rising to an all-time high of $3,500 per ounce, the outlook for Bitcoin's future price trend has become brighter. Apsk32 said that the concept of the "power curve" is to circumvent the impact of US dollar inflation by measuring the price of Bitcoin in ounces of gold. If the network value of Bitcoin (in terms of gold) continues to evolve along the power curve, and gold maintains its current price, and the price of Bitcoin returns to the track of leading support for five years, the target of $444,000 may be seen this year. However, this week, Apsk32 believes that a more "reasonable" target price for 2025 may be around $220,000. And said that if the price of Bitcoin breaks through $250,000, it will be beyond the expected range. (Cointelegraph)