KULR Technology CEO Michael Mo stated that driven by the increasing global adoption rate, he predicts that Bitcoin could reach a peak of $200,000 in the 2025 market cycle. Mo said, 'The biggest catalyst is the strategic BTC reserve adoption by countries and states. The United States, Germany, Switzerland, and others are currently exploring the possibility of this strategy.'

KULR Technology Group purchased over $21 million worth of Bitcoin at an average price of $97,391 on January 6. Data shows that this $21 million purchase occurred just hours before Bitcoin reclaimed the $100,000 mark for the first time since December 19.