KULR Technology predicts $200K Bitcoin price after buying $97K dip

KULR Technology Group, listed on the New York Stock Exchange, has predicted that Bitcoin (CRYPTO:BTC) could peak at $200,000 in 2025 after purchasing millions of dollars worth of the cryptocurrency during a recent dip.

On January 6, KULR acquired over $21 million worth of Bitcoin at an average price of $97,391, just before Bitcoin regained the $100,000 mark.

The purchase marks the launch of KULR’s Bitcoin treasury, with the company planning further acquisitions as part of its strategy to allocate up to 90% of its surplus cash into Bitcoin.

CEO Michael Mo highlighted that Bitcoin’s potential to double its price is driven by increasing global adoption.

He identified the adoption of Bitcoin as a strategic reserve by nations such as the US, Germany, and Switzerland as a significant catalyst.

“The biggest catalyst is the adoption of a strategic BTC reserve by nations and states,” Mo stated.

In addition, KULR’s purchase of 217.18 BTC in December 2024 is part of its broader plan to accumulate Bitcoin.

This acquisition aligns with discussions around the US Bitcoin Act, proposed by Wyoming Senator Cynthia Lummis, which aims to create a strategic Bitcoin reserve for the US.

Despite Bitcoin’s dip below $100,000, which was attributed to the Federal Reserve’s decision to cut fewer interest rates in 2025, Binance Research suggests that improving crypto regulations and the Fed’s monetary policy will continue to drive Bitcoin’s price.

The research also noted that long-term sustainability will depend on the implementation of crypto regulations and the Federal Reserve’s policy in 2025.

At the time of reporting, the Bitcoin (BTC) price was $96,390.29.