Brokerage firm US Tiger Securities has officially declared the start of a new Bitcoin bull market. Analysts maintained a Buy rating and set a confident price target of $250,000 by 2029.
The leading cryptocurrency successfully shrugged off habitual regulatory headwinds. The failure of the Clarity Act and the recent Fed rate hike did not break the uptrend. Investors quickly resumed buying, pouring $4.2 billion into spot ETFs in just one month — more than offsetting summer outflows. As a result, Bitcoin easily topped the May high of $82,814.
Analyst Bo Pei attributed the asset’s resilience to macroeconomics. Local Fed cycles do not matter against the backdrop of a massive US budget deficit. Ever‑rising government spending on debt refinancing serves as ideal advertising for crypto, supporting its high “monetary premium.”
The $250,000 target is mathematically tied to gold. At that price, the entire network’s market cap would be $5.25 trillion — about 17% of the physical precious metals market. US Tiger Securities emphasizes that reaching this ambitious goal requires Bitcoin to rise only about 24–29% per year — a nearly conservative forecast by crypto market standards.
