Bitcoin’s price could climb as high as US$200,000 (AU$310,000) by the end of this year – a near doubling of its current value – fuelled by buoyant market sentiment and a crypto-friendly Trump administration, says a leading investment strategist.
“What has provided a big boost in recent days is the resurgence of political engagement around digital assets,” said Global X investment strategist Justin Lin.
“The upcoming Trumpcoin-holder’s dinner on May 22 may mark a turning point. The event could serve as a launchpad for broader crypto-friendly rhetoric and renewed regulatory commitments from the Trump government around cryptocurrencies. Any such pivot would inject momentum into the cryptocurrency sector.”
An accelerating de-dollarisation trend is also giving a boost to Bitcoin.
“Recent geopolitical developments and global investor diversification away from US dollar denominated assets such as US Treasurys have elevated Bitcoin’s status as a non-sovereign alternative,” Lin said.
Noting the current “strength of catalysts” supporting a Bitcoin price surge, Lin says a target of between US$150,000 to US$200,000 by year’s end is “increasingly achievable”.
“This revised target assumes that all key catalysts align – political engagement, institutional rotation, and a favourable macro environment,” he said.
Global X notes that investor interest in Bitcoin has surged in recent months, with Bitcoin ETF experiencing significant inflows.
Investors added US$2.9 billion (AU$4.51 billion) to Bitcoin ETFs in April, a sharp reversal from February and March 2025 when more than US$5 billion in total was pulled from the space, Global X said.
Locally, Australian Bitcoin ETFs have attracted $148 million in inflows so far this year, doubling the $68 million recorded over the same period last year.
“Unlike the US, Australian investors have been consistent net buyers of Bitcoin ETFs throughout 2025. In April, local Bitcoin ETFs saw $20.5 million in new flows, up sharply from $6.9 million in March 2025,” Lin said.
He cautions however that government policy on Bitcoin, globally, “continues to be fragmented, with no clear framework for how digital assets are treated across securities, and tax law”.
“This lack of clarity could suppress institutional participation in Bitcoin and heighten price volatility,” he said.
