Justin Lin, an investment strategist with Global X, notes the role of renewed political interest in digital currencies in driving Bitcoin’s recent boost. Upcoming events, like the Trumpcoin-holder’s dinner, might pivot the governmental stance toward cryptocurrencies, possibly energizing the sector with fresh regulatory commitments.
Furthermore, the move away from the US dollar due to geopolitical changes has enhanced Bitcoin’s appeal as a non-sovereign asset. Lin suggests these factors are creating conducive conditions for Bitcoin's value to skyrocket, setting a target range of US$150,000 to US$200,000.
Investor interest reflects this trend. April saw investors inject US$2.9 billion (AU$4.51 billion) into Bitcoin ETFs, a marked change from earlier withdrawals in the year. The Australian market has seen consistent interest, with local Bitcoin ETFs receiving $148 million in inflows in 2025, a significant increase over the previous year.
However, Lin warns that uneven government policies on Bitcoin remain a concern. The absence of coherent global regulations could deter institutional investors and promote volatility.
