Bitcoin Nears $100K Milestone as Market Optimism Surges And Experts predict $200k Real Soon
Bitcoin nears $100K as bullish sentiment surges. Experts predict $200K by year-end. Discover what’s driving the crypto rally and investor confidence.
Bitcoin is rapidly approaching the long-anticipated $100,000 mark, and market indicators suggest that this historic breakout could be just around the corner.
According to data from prediction platform Polymarket, nearly $4.5 million has been wagered on Bitcoin reaching $100,000 in May. Confidence is soaring, with the odds of that jumping to 93%, up sharply from 65% just days ago.
But according to crypto experts, this rally is only getting started.
“Most digital assets will likely set new all-time highs this year, with Bitcoin climbing past $200,000,” said Matt Hougan, Chief Investment Officer at Bitwise Asset Management, in a recent blog post.
Other major figures in the space, including Maelstrom CIO Arthur Hayes and Standard Chartered’s Head of Crypto Research Geoff Kendrick, also forecast that Bitcoin could double its current price by year’s end.
This bullish sentiment is a stark contrast to just a few weeks ago, when Bitcoin experienced a dip, briefly sliding to around $74,500.
The downturn was triggered by U.S. President Donald Trump's unexpected announcement of sweeping tariffs affecting over 90 countries. The geopolitical uncertainty rattled both stock and crypto markets, leading to a temporary sell-off.
Since then, Bitcoin has staged an impressive recovery. As of now, it’s trading just above $99,000, having gained 4.3% over the past week.
Speaking at the Token2049 conference in Dubai, Arthur Hayes described the current global economic climate as the perfect storm for a Bitcoin rally. “There’s a wave of fear and uncertainty in the market,” he said. “U.S. monetary authorities won’t stand by, they’ll likely respond with more money printing.”
Hayes believes the Federal Reserve will resort to looser monetary policies to stimulate borrowing, spending, and overall economic activity, which could further fuel the crypto bull market.
Traders on Polymarket appear to share that sentiment. Bullish bets on Bitcoin continuing its upward trajectory have grown stronger, with 84% now believing that BTC’s price on June 30 will be higher than it was on April 1 up from 77% earlier this week.
Crypto Market Update (as of today):
- Bitcoin (BTC): Up 2.9% in the past 24 hours, currently trading at $99,726
- Ethereum (ETH): Up 5.5%, now sitting at $1,941
As crypto momentum builds and institutional interest grows, all eyes remain on Bitcoin as it edges closer to the six-figure milestone.
