According to KURL Technology CEO Michael Mo, after falling to $7 on January 97,000, the flagship kriptovalyuta could peak at $200,000.
The biggest catalyst will be plans for countries to create a strategic reserve of BTC. The US, Germany, Switzerland and other governments are currently studying this issue, he said.
Interestingly, Mo's bullish forecast for the leading cryptocurrency came a day after KURL Technology purchased over $21 million worth of bitcoins at an average price of $97,391 per coin.
This is the second investment in BTC by a public company listed on the New York Stock Exchange. It first bought bitcoin on December 26, 2024, when KURL Technology announced the purchase of 217,18 coins for approximately $21 million, at an average price of $96,556 per coin. According to the firm, it plans to invest up to 90% of its available cash in the leading cryptocurrency.
Michael Mo said he was inspired to take this step by MicroStrategy's strategy and Michael Saylor's belief in the future of Bitcoin.
Michael Saylor calls BTC digital energy, which really resonates with our mission because we are a battery energy management company and energy is our core business,” Mo said.
Despite the optimism of the head of KURL Technology regarding the future of Bitcoin, in order to kriptovalyuta exceeds $200,000, it will need to raise another $2 trillion. That would allow the coin to surpass Apple's market cap, which currently stands at $3,7 trillion, and become the world's second-largest asset.
