H.C. Wainwright raised its price target for Bitcoin (BTC) from $145,000 to $225,000, suggesting a potential gain of over 130%. The firm anticipates that regulatory clarity and institutional adoption will boost Bitcoin’s price by 2025, with a projected market cap of $4.5 trillion, representing 25% of gold’s market cap. Analyst Mike Colonnese noted historical price correlations and warned of possible volatility, including a potential dip to the mid-$70,000 range before a rebound. He also mentioned a 60% chance of the U.S. creating a national bitcoin reserve this year, further enhancing Bitcoin’s adoption and value.
