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"White House Predicts Bitcoin Surge to $250,000, Expert Analysis"

In a post on X, Pierre Rochard, Vice President of Research at Riot Platforms (NASDAQ: RIOT), stirred the waters with his interpretation of the US government’s stance on Bitcoin. Citing President Biden’s 2025 budget, Rochard suggested on social media platform X, “BREAKING Biden’s 2025 budget is very bullish on Bitcoin, the White House expects $250k by 2035. They are counting on it for their tax revenues!”

This claim has sparked a wide range of reactions within the crypto community, considering the implications it might have for the future of digital assets. Rochard’s assertion is rooted in his analysis of the US government’s anticipated revenue from digital asset regulation and taxation.

He contends that the projections embedded within the budget documentation implicitly support a bullish outlook for Bitcoin, projecting its value to soar to $250,000 by 2034-2035. However, his interpretation has not gone unchallenged.

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