Bitcoin still has the potential to surpass $200,000 by the end of the year... Short-term correction is unavoidable

Source: DigitalToday Original Title: Bitcoin Still Has the Potential to Break $200,000 by Year-End… Short-Term Correction Inevitable Original Link: https://www.digitaltoday.co.kr/news/articleView.html?idxno=622686

Jack Mallers, CEO of TwentyOne Capital, predicts that Bitcoin is highly likely to surpass $200,000 by 2026. However, he warns that in the short term, macroeconomic factors will exert significant downward pressure.

Mallers analyzed that increased uncertainty in financial markets, caused by U.S. President Donald Trump imposing new tariffs on eight European countries, could negatively impact Bitcoin as well.

“Bitcoin is the most freely traded market worldwide and reacts sensitively to macroeconomic changes,” he emphasized. “In the current situation, Bitcoin is likely to face downward pressure.” While Bitcoin may undergo additional short-term adjustments, he foresees that long-term growth will be driven by increased liquidity and interest rate cuts.

“When the Fed cuts interest rates and injects money into the economy, investor risk appetite will increase, strengthening Bitcoin,” he said. “There is a high possibility that Bitcoin could rise from $150,000 to $200,000 within this year.”

An increasing number of experts agree with this outlook. A co-founder of a prominent exchange mentioned that Bitcoin could reach $200,000, and Standard Chartered predicts Bitcoin will surpass $150,000 by the end of 2026. Hassim Kureishi of Dragonfly also expects Bitcoin to exceed $150,000 within this year.

As the Bitcoin market faces a convergence of strong bullish prospects and concerns over short-term corrections, macroeconomic changes are expected to be a key factor. Investors should keep long-term growth potential in mind while preparing for short-term volatility.