## Bitcoin Could Reach $200,000 by Year-End, Says Hashed Open Research Analyst

Bitcoin’s price could surge to as high as $200,000 by the end of the year, driven by inflows into Bitcoin spot ETFs, according to Mi-sun Lee, a team leader at Hashed Open Research. Lee made these comments on the 29th during the Krypto Korea Campaign seminar hosted by Blockmedia.

## Data-Driven Forecasting

Mi-sun Lee utilized regression analysis on various data points, including Bitcoin prices, inflation rates, and ETF fund flows, to arrive at this projection. She noted that the analysis is constrained by the limited amount of available data and emphasized that this is not an official price forecast from Hashed. The projection also assumes the current trend in Bitcoin spot ETF fund inflows continues.

## Potential for National Pension Fund Inclusion

The introduction of Bitcoin spot ETFs could lead to significant changes, according to Lee. She projected that as early as next year, South Korea’s National Pension Service may start investing in Bitcoin through these ETFs.

## Impact of the Bitcoin Halving

Lee also anticipates a different price trajectory for Bitcoin following the next halving event. She indicated that the effect of the halving might be felt earlier than in previous cycles, potentially accelerating the timeline for Bitcoin’s price increases.

## Market Cap Projections

Looking further ahead, Lee forecasted that Bitcoin’s market capitalization could range between $1 trillion and $4 trillion during the 2024–2028 cycle.

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By adhering to these insights, Mi-sun Lee provides a data-based outlook on the potential future value of Bitcoin, highlighting key factors such as ETF inflows and the forthcoming halving event.