Bitcoin witnessed a 15% surge in price in April amid favorable macroeconomic factors, such as expectations of a potential U.S. interest rate cut and increased buying interest. While some hedge funds are cautious of the market sentiment due to volatility, institutions like Mubadala sovereign wealth fund, are increasing their Bitcoin holdings.
Analysts from Intelligent AI believe that continued demand could propel Bitcoin to $200,000 by December 2025, as people continue to buy as a hedge against inflation. As of this writing, Bitcoin trades above $103,000.