Pakistan Prime Minister Shehbaz Sharif appointed Pakistan Crypto Council CEO Bilal Bin Saqib as his special assistant on blockchain and crypto.

Saqib’s appointment takes effect immediately under Rule 4(6) of the Rules of Business, 1973. He has been granted the status of minister of state and will serve without salary or official benefits, according to a May 26 report in the English-language local news outlet, Pakistan Observer.

The move follows a series of government initiatives aimed at strengthening Pakistan’s presence in the digital asset space. Just one day prior, Pakistan allocated 2,000 megawatts of surplus electricity exclusively for Bitcoin mining and artificial intelligence centers.

In mid-May, Pakistan’s Ministry of Finance also endorsed the creation of a dedicated body to regulate the country’s blockchain-based financial infrastructure. The Pakistan Digital Assets Authority (PDAA) will serve as a regulatory body to oversee licensing, regulate exchanges, custodians, wallets, tokenized platforms, stablecoins and decentralized finance applications.

Related: Pakistan eyes crypto legal framework to boost foreign investment

Saqib named special blockchain assistant

Saqib is a graduate of the London School of Economics in the United Kingdom and received the title of Member of the Most Excellent Order of the British Empire from King Charles III. He currently leads the Pakistan Crypto Council, where he appointed former Binance CEO Changpeng “CZ” Zhao as an adviser. He was also named in the Forbes 30 under 30 list.

As a special assistant to the prime minister, Saqib will be tasked with drafting Financial Action Task Force (FATF)-compliant crypto regulations, launching state-backed Bitcoin (BTC) mining projects, and overseeing blockchain integration in governance, land records and finance. He will not receive a salary, perks or privileges, according to Pakistan Observer.

Related: Pakistan moves to regulate cryptocurrency, CBDCs as legal tender

Pakistan investing in crypto

Pakistan is diving headfirst into the crypto industry. In late April, the Donald Trump-backed World Liberty Financial has signed a Letter of Intent with the Pakistan Crypto Council to accelerate crypto adoption in the country, one of the industry’s fastest-growing markets.

Pakistani regulators recently proposed a regulatory framework for digital assets that is compliance-focused and in line with rules laid out by the FATF. Pakistan’s Federal Investigation Agency (FIA) Director Sumera Azam described the framework as a “paradigm shift in how Pakistan views digital finance.” “The policy proposal seeks to strike a historic balance between technological advancement and national security imperatives,” Azam said in April.

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Key takeaways:

Solana’s $9.4 billion TVL is a 54% increase since April 7.

Solana’s memecoin daily trading volume has more than doubled since early April. 

A bullish V-shaped recovery pattern projects SOL price to rise toward $300.

Solana’s native token, SOL, surged 86% between April 7 and May 26, following a broader altcoin market rally that also saw Bitcoin hit new all-time highs above $111,000.

Since then, SOL has struggled to break above $180, but onchain and technical data still suggest further gains are in store for the altcoin. Can SOL hit all-time highs above $300?

Solana’s TVL up 54% since April 7

The total value locked (TVL) on the Solana blockchain has increased by over 54% to $9.44 billion on May 26 from multimonth lows of $6.12 billion on April 7. It’s also up by almost 20% over the last 30 days.

Solana TVL. Source: DefiLlama

Data from DefiLlama highlighted that the subsequent increase in TVL was led by Raydium, with a whopping 52% increase in a month. Other major decentralized applications such as Jupiter DEX, Jito liquid staking and Kamino Lending gained 12%, 25% and 11%, respectively.

While Solana ranks as the fifth-largest cryptocurrency by market capitalization, the Solana network is ahead of the other top layer-1 blockchains in terms of TVL, second only to Ethereum. 

Blockchain ranked by TVL, USD. Source: DefiLlama

However, Solana’s $9.5 billion TVL surpasses that of the Ethereum layer-2 ecosystem, which includes Base, Arbitrum and Optimism. It is also larger than BNB Chain’s, which integrates seamlessly with Binance and Trust Wallet.

Solana memecoin market cap gains 65%

The rise in Solana’s TVL mirrors an increase in memecoin market capitalization as prices recovered across the board.

Most Solana-based memecoins have posted double-digit daily losses in the weekly and monthly timeframes, as shown in the figure below. A majority of these tokens are 50% to 80% from local lows. 

Solana-based tokens performance. Source: CoinGecko

As a result, Solana’s collective memecoin market cap increased to $13.4 billion on May 26 from $8.1 billion on April 8, a 65% climb in less than two months.

Related: Solana ‘will make everyone an investor’ — Solana nCMO

This rise in the prices of Solana-based memecoins and market cap was preceded by increasing DEX activity on the layer-1 blockchain.

Memecoin trading volume on Solana. Source: Blockworks Research

The increase in memecoin activity on Solana indicates high network activity and rising usage, positively impacting demand and SOL price. 

SOL’s “V” chart pattern targets all-time highs

SOL’s price action has been painting a V-shaped pattern on the weekly chart since January, as shown below.

A V-shaped recovery is a bullish pattern formed when an asset experiences a sharp price increase after a steep decline. It is completed when the price moves up to the resistance at the top of the V formation, also known as the neckline.

SOL appears to be on a similar trajectory and now trades below a supply-demand zone between $180 and $200. A breakout here would increase the chances of the price rising to the neckline at $252 to complete the V-shaped pattern.

Beyond that, the next target would be the all-time high above $295, representing a 66% increase from the current price.

SOL/USD daily chart. Source: Cointelegraph/TradingView

The relative strength index has increased to 53 at the time of writing from 36 at the end of March, suggesting that bullish momentum is picking up.

As Cointelegraph reported, SOL price could rise by 45% with a decisive bullish breakout above $180 in the coming days.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Michael Saylor’s Strategy, one of the world’s largest corporate Bitcoin investors, bagged a fresh stash of BTC as the price briefly surged above $110,000 last week.

Strategy acquired 4,020 Bitcoin (BTC) for $427.1 million between May 19 and 23, the company announced on May 26.

The latest purchases were made at an average price of $106,237 per coin, with Bitcoin smashing past $110,000 on May 22.

The acquisition marks the fourth Bitcoin purchase by Strategy in May, bringing Strategy’s total BTC holdings to 580,250 BTC, acquired for approximately $40.61 billion at an average price of $69,979 per coin.

Strategy director sells 2,650 MSTR shares

Strategy’s new Bitcoin acquisition followed a series of Class A sales by Strategy director Jarrod Patten.

According to a Strategy report of the proposed sale of securities filed on May 22, Patten sold 2,650 MSTR shares in the period between May 16 and 21, worth nearly $1.1 million.

Since April 22, Patten has sold a total of 17,050 Class A shares worth $6.7 million.

The past three MSTR sales from Strategy’s report of the proposed sale of securities. Source: SEC

Additionally, Strategy’s chief financial officer, Andrew Kang, sold 2,185 Class A shares on May 23, netting $719,447, according to an amended report filed on May 23.

MSTR slides 12% after class-action lawsuit

Strategy’s new purchase reflects Saylor’s philosophy of acquiring Bitcoin no matter how high the prices are, as he previously vowed to keep buying Bitcoin at the top forever in late 2024.

In the meantime, Strategy’s shares have been tumbling from their all-time highs recently, losing at least 12% in the past week, with prices falling from around $420 to $369, according to TradingView data.

Related: Strategy will beat all public equities with Bitcoin, analyst says

Strategy (MSTR) five-day price chart. Source: TradingView

The highest historic closing price on record for MSTR stock was around $474, recorded on Nov. 19, 2024.

The recent drop in Strategy shares came after the company was hit with a class-action lawsuit alleging that the company had misrepresented Bitcoin investments. Filed on May 19, the suit seeks to recover losses of shareholders who were adversely affected by alleged securities fraud in April 2025.

Magazine: Arthur Hayes $1M Bitcoin tip, altcoins ‘powerful rally’ looms: Hodler’s Digest, May 11 – 17

Michael Saylor’s Strategy, one of the world’s largest corporate Bitcoin investors, bagged a fresh stash of BTC as the price briefly surged above $110,000 last week.

Strategy acquired 4,020 Bitcoin (BTC) for $427.1 million between May 19 and 23, the company announced on May 26.

The latest purchases were made at an average price of $106,237 per coin, with Bitcoin smashing past $110,000 on May 22.

The acquisition marks the fourth Bitcoin purchase by Strategy in May, bringing Strategy’s total BTC holdings to 580,250 BTC, acquired for approximately $40.61 billion at an average price of $69,979 per coin.

Strategy director sells 2,650 MSTR shares

Strategy’s new Bitcoin acquisition followed a series of Class A sales by Strategy director Jarrod Patten.

According to a Strategy report of the proposed sale of securities filed on May 22, Patten sold 2,650 MSTR shares in the period between May 16 and 21, worth nearly $1.1 million.

Since April 22, Patten has sold a total of 17,050 Class A shares worth $6.7 million.

The past three MSTR sales from Strategy’s report of the proposed sale of securities. Source: SEC

Additionally, Strategy’s chief financial officer, Andrew Kang, sold 2,185 Class A shares on May 23, netting $719,447, according to an amended report filed on May 23.

MSTR slides 12% after class-action lawsuit

Strategy’s new purchase reflects Saylor’s philosophy of acquiring Bitcoin no matter how high the prices are, as he previously vowed to keep buying Bitcoin at the top forever in late 2024.

In the meantime, Strategy’s shares have been tumbling from their all-time highs recently, losing at least 12% in the past week, with prices falling from around $420 to $369, according to TradingView data.

Related: Strategy will beat all public equities with Bitcoin, analyst says

Strategy (MSTR) five-day price chart. Source: TradingView

The highest historic closing price on record for MSTR stock was around $474, recorded on Nov. 19, 2024.

The recent drop in Strategy shares came after the company was hit with a class-action lawsuit alleging that the company had misrepresented Bitcoin investments. Filed on May 19, the suit seeks to recover losses of shareholders who were adversely affected by alleged securities fraud in April 2025.

Magazine: Arthur Hayes $1M Bitcoin tip, altcoins ‘powerful rally’ looms: Hodler’s Digest, May 11 – 17

Michael Saylor’s Strategy, the world’s largest corporate Bitcoin investor, bagged a fresh stash of BTC as the price briefly surged above $110,000 last week.

Strategy acquired 4,020 Bitcoin (BTC) for $427.1 million between May 19 and 23, the company announced on May 26.

The latest purchases were made at an average price of $106,237 per coin, with Bitcoin smashing past $110,000 on May 22.

The acquisition marked the fourth Bitcoin purchase by Strategy in May, bringing Strategy’s total BTC holdings to 580,250 BTC, acquired for about $40.6 billion at an average price of $69,979 per coin.

Strategy director sells 2,650 MSTR shares

Strategy’s new Bitcoin acquisition followed a series of Class A sales by Strategy director Jarrod Patten.

According to a Strategy report of the proposed sale of securities filed on May 22, Patten sold 2,650 MSTR shares in the period between May 16 and 21, worth nearly $1.1 million.

Since April 22, Patten has sold a total of 17,050 Class A shares worth $6.7 million.

The past three MSTR sales are from Strategy’s report on the proposed sale of securities. Source: SEC

Additionally, Strategy’s chief financial officer, Andrew Kang, sold 2,185 Class A shares on May 23, netting $719,447, according to an amended report filed on May 23.

MSTR slides 12% after class-action lawsuit

Strategy’s new purchase reflects Saylor’s philosophy of acquiring Bitcoin no matter how high the prices are, as he previously vowed to keep buying Bitcoin at the top forever in late 2024.

In the meantime, Strategy’s shares have been tumbling from their all-time highs, losing at least 12% in the past week, with prices falling from around $420 to $369, according to TradingView data.

Related: Strategy will beat all public equities with Bitcoin, analyst says

Strategy (MSTR) five-day price chart. Source: TradingView

The highest historic closing price on record for MSTR stock was around $474, recorded on Nov. 19, 2024.

The recent drop in Strategy shares came after the company was hit with a class-action lawsuit alleging it had misrepresented Bitcoin investments. Filed on May 19, the suit seeks to recover losses of shareholders who were adversely affected by alleged securities fraud in April 2025.

Magazine: Arthur Hayes $1M Bitcoin tip, altcoins ‘powerful rally’ looms: Hodler’s Digest, May 11 – 17

The Hashgraph Association and the Exponential Science Foundation have launched the Hedera Africa Hackathon 2025, a global event designed to accelerate Web3 and artificial intelligence adoption across the African continent.

With a prize pool of $1 million, the hackathon will run from Aug. 1 to Sept. 30 and aims to attract over 10,000 participants across 15 African countries, according to a news release shared with Cointelegraph.

Organized by two nonprofit organizations — the Switzerland-based Hashgraph Association and the tech research-focused Exponential Science Foundation — the event is open to developers, students and entrepreneurs worldwide.

“We aim to use technologies that converge Web3 with AI to create transparent cognitive solutions that optimize processes and facilitate decision-making and automate the execution,” said Kamal Youssefi, the president of the board of directors at the Hashgraph Association.

All solutions will be built on the Hedera network across four tracks: onchain finance and real-world asset (RWA) tokenisation; ESG sustainability and traceability; self-sovereign identity (SSI) and AI; and gaming, metaverse and non-fungible tokens (NFTs). 

Up to 15 outstanding teams will receive prizes based on innovation, impact and alignment with the hackathon’s goals.

Onsite hackathon map Source: Hedera-hackathon.hashgraph

This Hackathon covers large areas in Africa, with onsite events in over 20 African cities including Lagos, Cairo, Nairobi, Kinshasa, Cape Town, Casablanca and Tunis.

Interest in Africa’s Web3 potential is growing, with more than 50 partners and 100 universities and tech hubs having already joined the Hedera Africa Hackathon. 

Related: African economies show high potential for digital asset adoption

Africa’s Web3 talents are poised for global impact

Due to high inflation, a weak banking system and widespread corruption, many people in Africa lack access to reliable financial services. This creates opportunities for Web3 projects like Jambo and Yellow Card to offer alternatives for saving and earning.

Related: South African firm chooses Bitcoin reserve strategy as inflation hedge

Kamal highlighted Africa’s strength in its “young population with ambitious tech talents.” He cited Hedera’s partnership with Orange, a telecommunications operator, to launch digital empowerment programs across 16 African countries — initiatives that “include training, certification and the establishment of incubation and accelerator centers.”

“Africa brings a unique advantage to Web3, a demographic edge and a proven capacity for digital adoption,” said Paolo Tasca, executive chairman of the Exponential Science Foundation. “Yet barriers remain, particularly in foundational infrastructure and education.”

Governments are also ramping up talent development. Nigeria, for example, recently launched an annual initiative to train 1,000 citizens in artificial intelligence and blockchain technologies.

Magazine: Crypto wanted to overthrow banks, now it’s becoming them in stablecoin fight

As Sweden reconsiders its push toward a cashless society, Ethereum co-founder Vitalik Buterin highlighted the fragility of centralized digital payments and the opportunity presented by decentralized payment alternatives. 

In recent years, Sweden has led the charge toward a cashless future, with digital payment platforms becoming widespread. However, as concerns over cyber-threats, civil defense and instability have emerged, Swedish authorities are now actively encouraging citizens to keep some cash. 

Buterin noted the reversal illustrates that while centralized solutions may be efficient, they may not be reliable during times of crisis. 

“Nordics are walking back the cashless society initiative because their centralized implementation of the concept is too fragile,” Buterin wrote, citing a March 16 article by The Guardian. “Cash turns out necessary as a backup.”

Source: Vitalik ButerinHow Ethereum can play a role in a crisis

A former central bank official predicted in 2018 that Sweden would be cashless after seven years. In 2025, the prediction mostly held, with only one in 10 transactions in the country being done in cash, according to The Guardian.

Still, while the Nordic country was an early adopter of digital payments, its government published a brochure encouraging citizens to keep a week’s worth of cash in case of war or crisis. Sweden’s reconsideration has revealed the issue of centralized digital payment infrastructure remaining reliable in times of instability, Buterin suggested. 

Buterin said Ethereum can be a decentralized financial fallback in times of crisis. “Ethereum needs to be resilient enough, and private enough, to be able to credibly play this kind of role,” Buterin said. 

When asked if fully offline zero-knowledge technology-secured private transfers were close to practical implementation, Buterin said the tech know-how is already there, but there are still limitations: 

“We basically know how to do it, but with the limitation that any solution depends on trusted hardware and/or post hoc enforcement against double-spenders.” 

Related: Vitalik Buterin proposes partially stateless nodes for Ethereum scaling

Crypto payments exec thinks crypto won’t replace fiat

While crypto payment solutions are becoming more common, Mercuryo co-founder and CEO Petr Kozyakov has said that crypto will not replace fiat. 

Kozyakov told Cointelegraph in an interview that crypto payments are seeing an increase in demand and adoption.

However, the executive said that instead of cryptocurrencies fully replacing fiat money as a payment method, the two payment options will coexist. 

Kozyakov told Cointelegraph that people will use crypto when it’s easier and more practical.

Magazine: TradFi is building Ethereum L2s to tokenize trillions in RWAs: Inside story

As Sweden rethinks its push toward a cashless society, Ethereum co-founder Vitalik Buterin highlighted the fragility of centralized digital payments and the opportunity presented for decentralized payment alternatives. 

In recent years, Sweden has led the charge toward a cashless future, with digital payment platforms becoming widespread. However, as concerns over cyber-threats, civil defense and instability emerged, Swedish authorities are now actively encouraging citizens to keep cash. 

Buterin highlighted that the reversal highlights that while centralized solutions may be efficient, they may not be reliable in times of crisis. 

“Nordics are walking back the cashless society initiative because their centralized implementation of the concept is too fragile,” Buterin wrote, citing a March 16 article by The Guardian. “Cash turns out necessary as a backup.”

Source: Vitalik ButerinHow Ethereum can play a role in a crisis

A former central bank official predicted in 2018 that Sweden would be cashless after seven years. In 2025, the prediction mostly held, with only one in 10 transactions in the country being done in cash, according to The Guardian.

While the Nordic country was an early adopter of digital payments, its government published a brochure encouraging citizens to carry a week’s worth of cash in case of war and crisis. The rethink highlights the inability of centralized digital payment infrastructure to be reliable in times of instability, Buterin suggested. 

Buterin thinks Ethereum can be a decentralized financial fallback in times of crisis. “Ethereum needs to be resilient enough, and private enough, to be able to credibly play this kind of role,” Buterin said. 

When asked if fully-offline zero-knowledge technology-secured private transfers are close to practical implementations, Buterin said the tech know-how is already there, but there are still limitations: 

“We basically know how to do it, but with the limitation that any solution depends on trusted hardware and/or post hoc enforcement against double-spenders.” 

Related: Vitalik Buterin proposes partially stateless nodes for Ethereum scaling

Crypto payments exec thinks crypto won’t replace fiat

While crypto payment solutions are becoming more common, Mercuryo co-founder and CEO Petr Kozyakov said that crypto will not replace fiat. 

Kozyakov told Cointelegraph in an interview that crypto payments are seeing an increase in demand and adoption.

However, the executive believes that instead of cryptocurrencies fully replacing fiat money as a payment method, these two payment options will coexist. 

Kozyakov told Cointelegraph that people will use crypto when it’s easier and more practical.

Magazine: TradFi is building Ethereum L2s to tokenize trillions in RWAs: Inside story

Key points:

US President Donald Trump has extended the deadline of a proposed 50% tariff on EU goods to July 9.

A temporary easing in trade tensions could help fuel Bitcoin’s rally to new all-time highs.

Bitcoin’s (BTC) price climbed back above $109,000 during the late trading hours on May 25, as traders responded to President Donald Trump’s decision to delay the implementation of tariffs on EU goods until July 9.

Data from Cointelegraph Markets Pro and TradingView revealed that BTC rose by as much as 3.2% to an intraday high of $110,100 on May 26 from a low of $106,660 on May 25. 

BTC/USD daily chart. Source: Cointelegraph/TradingViewTrump extends EU tariff deadline

Bitcoin’s recovery above $109,000 followed Trump’s decision to delay a proposed 50% tariff on European Union goods, easing trade tensions and fueling renewed optimism across risk assets.

Source: Donald Trump

This decision came after a call with European Commission President Ursula von der Leyen, who said that the EU needed until July 9 to “reach a good deal” with the United States.

Good call with @POTUS.The EU and US share the world’s most consequential and close trade relationship. Europe is ready to advance talks swiftly and decisively. To reach a good deal, we would need the time until July 9.

— Ursula von der Leyen (@vonderleyen) May 25, 2025

Trump had initially proposed a 20% tariff on most EU imports in April, later reducing it to 10% to allow time for talks. 

On May 23, he threatened to raise tariffs to 50% by June, causing Bitcoin to dip below $108,000, reflecting market sensitivity to trade tensions. 

Market participants said the extension placed Bitcoin back on track to continue its uptrend.

“Bitcoin will pump again,” said pseudonymous BTC investor Random Crypto Pal in response to the news. 

“Bitcoin is gaining momentum because of Europe tariffs delays (July 9),” said fellow Kevin T, adding:

“I hope they settle everything and let the market go super bullish.”BTC price headed for an 8-week win streak

BTC’s close above $109,000 on May 25 was the seventh consecutive bullish weekly close, as shown in the chart below.

If Bitcoin continues to maintain its upward trajectory, it is likely to close green for the eighth consecutive week on June 1.

BTC/USD weekly close. Source: Cointelegraph/TradingView

Historically, such a scenario has preceded six to 12 months of positive price action.

“Since 2014, an 8-week streak of green weekly closes has occurred only three times,” said crypto analyst and trader Carpe Noctom in a May 26 post on X, adding: 

“Following eight consecutive positive weekly closes, the market has historically been negative one week later, but has always been positive 6 months and 1 year later.”BTC performance following eight straight bullish closes/ Source: Carpe Noctom

If history repeats itself, BTC could continue rising this week, then drop or consolidate next week to retest key support levels before entering a parabolic phase for the rest of the year.

Related: Bitcoin bears eye $69K, CZ denies WLF ‘fixer’ rumors: Hodler’s Digest, May 18 – 24

Key Bitcoin price levels to watch

Bitcoin must flip the all-time high at $111,900 into support to continue its price discovery.

As Cointelegraph reported, BTC price could rally to fresh record highs of $130,000 if the bulls push above the $109,588 to $111,980 overhead resistance zone, BTC/USD must hold above the weekly close at $109,0 for this to happen00. Below that is a major demand zone from $104,500 to $106,000.

Other levels to watch on the downside are the daily support at $102,500, which supported the price between May 9 and May 19, and the psychological level at $100,000.

Bitcoin daily chart. Source: Cointelegraph/TradingView

Trader Micky Bull said it was “very critical” for the BTC/USD pair to close the day above the previous all-time high of $109,000 reached on Jan. 20.

MN Capital founder Michael van de Poppe pointed out that if Bitcoin continued “holding on to the point of interest” between $105,500 and $107,000, it could see fresh all-time highs over the next few days.

“On to $125,000 into June.”BTC/USD four-hour chart. Source: Michael van de Poppe

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Some prominent financial commentators and investment analysts are predicting a long-term Bitcoin rally that may send the asset’s price above $1 million before the end of the decade, driven by rising inflation and mounting global debt.

ARK Invest CEO Cathie Wood said Bitcoin (BTC) could reach $1.5 million by 2030 in her firm’s “Bull Case” forecast. In a Feb. 11 video, Wood said the price would require BTC to grow at a compound annual rate of 58% over the next five years, largely fueled by increased institutional adoption.

Bitcoin price targets 2030. Source: ARK Invest

Related: Bitcoin hits new all-time high of $109K as trade war tensions ease

Robert Kiyosaki, a popular financial educator and the author of Rich Dad, Poor Dad, predicted a more modest Bitcoin price of $1 million by 2035.

“I strongly believe, by 2035, that one Bitcoin will be over $ 1 million, Gold will be $30,000, and silver $3,000 a coin,” Kiyosaki wrote in an April 18 X post, citing the record US federal and credit card debt in 2025 as the main driver for safe-haven assets such as precious metals and Bitcoin.

The rising fiscal debt may lead to the “biggest stock market crash in history,” which could make investors “very rich” if they hedged by investing in “just one Bitcoin, or some gold, or silver,” predicted Kiyosaki.

Related: Bitcoin more of a ‘diversifier’ than safe-haven asset: Report

Other analysts, including Raoul Pal, have pointed to fiat currency debasement as a key reason behind Bitcoin’s appeal as a hedge.

Eric Trump praised Bitcoin in a keynote speech at Bitcoin MENA in Abu Dhabi. Source: YouTube

In December 2024, Eric Trump, the son of US President Donald Trump and the executive vice president of the Trump Organization, also predicted that Bitcoin would hit $1 million, citing its potential to “transform the global economy in beautiful ways.” 

Analysts target $200,000 in 2025

Bitcoin’s price action historically moves in $16,000 price increments, according to 10x Research’s CEO and head of research, Markus Thielen.

Based on the latest price action, this signals that Bitcoin’s next significant resistance is near $122,000, Thielen told Cointelegraph during the Chain Reaction daily X spaces show on May 22, adding:

“We have been quite bullish over the last five or six weeks. We have been bearish coming out of the Trump inauguration in February, but we turned quite bullish.”

“Open interest is high, but the funding rate is low, which I think indicates that, you know, people try to short this rally,” said Thielen, adding that $122,000 remains the next significant price target to confirm the continuation of Bitcoin’s rally.

Source: Cointelegraph

Bitcoin may extend its rally to a price top of over $200,000 by the end of 2025, according to Bitwise’s head of European research, André Dragosch.

“Greg Foss, the Canadian Bitcoiner, has put forth a model that can value Bitcoin based on a basket of G20 sovereign bonds,” Dragosch said, adding:

“Based on today’s default probability across all these G20 sovereign bonds, it’s already above $200,000 for Bitcoin.”

He added that growing concerns over sovereign credit risk and institutional inflows could be the catalyst for Bitcoin’s next rally.

Magazine: Arthur Hayes $1M Bitcoin tip, altcoins ‘powerful rally’ looms: Hodler’s Digest, May 11 – 17