Breaking: Bitcoin Hits Record Peak. How High Can It Surge in 2025?

Key Points

1. Bitcoin hit a new record peak of $112,040 on Bitstamp, surpassing its previous all-time high of $112,000.

2. Anthony Scaramucci of SkyBridge Capital predicts Bitcoin could reach $200,000, while Fundstrat's Tom Lee forecasts a potential rise to $250,000 this year.

3. Venture capitalist Tim Draper is also optimistic about Bitcoin's price surge in 2025.

4. Nearly $430 million worth of short positions were liquidated in 24 hours, with $280 million wiped out recently.

5. Bitcoin briefly slipped to the $98,000 level in late July but has since recovered.