The Bitcoin price may rise to over $250,000 by the end of the year.
Expectations of increasing fiat supply, driven by the US Federal Reserve pivoting to quantitative easing (QE), are seen as the significant catalyst for the price rally.
BitMEX co-founder Arthur Hayes predicts a climb from a local low of $76,500 to $250,000 if the Fed implements treasury quantitative easing.
However, market participants hold more conservative views, with only 9% betting on Bitcoin hitting $250,000 by 2025.