Bitcoin Market Expectation of 150 Thousand Dollars and US Debt
ZX Squared Capital co-founder CK Zheng announced that the most difficult phase of Bitcoin sell-offs is over and expects it to reach 150 thousand dollars by the end of 2027.
ZX Squared Capital co-founder and chief investment officer CK Zheng predicted that the Bitcoin market has left behind the most difficult period of sell-offs and could reach a price of 150 thousand dollars by the end of 2027.
Market and Selling Process
ZX Squared Capital co-founder and chief investment officer CK Zheng stated that the declines in Bitcoin's current cycle differ from past bear markets. Zheng stated that the most difficult phase of the selling pressure on the asset is now behind us.
Institutional Transformation
Stating that the crypto sector has attained a more solid structure following major bankruptcies in the past, Zheng emphasized that Bitcoin is turning into an increasingly maturing asset class.
Different from previous periods, the asset, which now attracts more institutional capital, is strengthening with the interest of long-term investors.
New Bull Expectation
Expressing that Bitcoin maintains its four-year cycle structure, Zheng predicted that a new rising period could start in late this year or early 2027.
Regulation and US Debt
While it was noted that the enactment of regulations such as the CLARITY Act will increase institutional confidence, it was stated that the rapid increase in US debt in 2027 will drive investors toward alternative assets.