Parataxis CEO: Bitcoin could reach $200,000 by early 2025

Parataxis CEO Edward Chin stated that the company's Absolute Return Fund has allocated a large amount of Bitcoin, believing that by early 2025, the price of Bitcoin could reach $200,000. He said that the recently approved U.S. spot Bitcoin ETF and the upcoming halving which will reduce rewards paid to Bitcoin miners should help push up the price of Bitcoin. Chin also mentioned that its Absolute Return Fund will continue to hold tokens such as Solana and MakerDAO's MKR, with other assets including tokens from blockchains Sei, Sui and Aptos.