- HC Wainwright announced that it has raised the target price of Bitcoin to $225,000.
- They reported that a crypto-friendly environment might be created if the Trump second administration launches.
- They added that the launch of a spot ETF and institutional adoption could contribute to Bitcoin reaching its target price.
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- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
Investment bank (IB) HC Wainwright has raised the target price of Bitcoin (BTC) to $225,000.
According to CNBC on the 2nd (local time), HC Wainwright announced in an investor memo, "We have changed the target price of Bitcoin from the previous $145,000 to $225,000."
They added, "If the Trump second administration launches, a crypto-friendly environment will be created," and "Due to factors such as the launch of a spot ETF and institutional adoption, Bitcoin could reach the target price."
Meanwhile, Bitcoin is trading at around $96,700 on the Binance Tether (USDT) market, up approximately 1.6% from the previous day.
Doohyun Hwang
cow5361@bloomingbit.ioKEEP CALM AND HODL🍀PiCK News
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