Popular miner predicts Bitcoin hitting $200K before bull run ends originally appeared on TheStreet.

Bitcoin may be trading below its all-time highs, but one top mining executive is still shooting for the moon.

Jeff LaBerge, head of capital markets at Bitdeer, says he believes Bitcoin could surge as high as $200,000 before the current bull market tops out.

“There is a lot of room to run here still,” he said in an interview with TheStreet Roundtable striking a notably bullish tone even as some market watchers turn cautious.

Join the discussion with CryptosRUs on Roundtable here.

Of course, he’s the first to admit how tricky predictions can be.

“Trying to predict Bitcoin prices is kind of a fool’s errand,” LaBerge acknowledged but that hasn’t stopped him from laying out the case for further upside.

He cited increasing institutional participation, expanding use cases, and Bitcoin’s growing status as a long-term asset as major tailwinds.

“If we can kind of break that cycle and become more of a traditional digital gold asset, we may not see that again,” he added. “There is a lot of room to run here still.\\"

At press time, Bitcoin was sitting at $115,395, according to Kraken’s feed — down 6% from its all-time high of $122,838.

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Bitdeer Technologies Group is a Nasdaq-listed Bitcoin mining firm headquartered in Singapore. It was spun out from Bitmain in 2020 and is chaired by crypto billionaire Jihan Wu. The company operates large-scale mining data centers across the U.S., Norway, and Asia.

LaBerge’s thesis goes beyond the top of this cycle. He’s also watching what happens after — when the inevitable bear market kicks in. Historically, Bitcoin has followed sharp rallies with equally brutal corrections, sometimes falling over 70% from its highs.

But LaBerge thinks the market could be maturing. If Bitcoin truly evolves into a “digital gold” type of asset, future downturns may not look like the violent crashes of the past.

Whether Bitcoin hits $150K, $200K, or lands somewhere in between, LaBerge believes the bigger story will be what comes next. “The most important signal,” he said, “will be how the market behaves afterward.”

Popular miner predicts Bitcoin hitting $200K before bull run ends first appeared on TheStreet on Aug 7, 2025

This story was originally reported by TheStreet on Aug 7, 2025, where it first appeared.