Industry experts and analysts are predicting significant price increases for bitcoin by the end of 2025, with forecasts suggesting it could double to $200,000.
Key forecasts for bitcoin pricesFollowing a strong rally in 2024, bitcoin recently surpassed $100,000 for the first time, driven by various factors including a pro-crypto stance from the newly elected President Donald Trump. His administration is anticipated to foster a favorable regulatory environment for cryptocurrencies.
During his campaign, Trump pledged to replace Securities and Exchange Commission Chair Gary Gensler, who has pursued aggressive actions against crypto firms. Gensler is expected to step down from the SEC in 2025. Trump also suggested the possibility of establishing a strategic bitcoin reserve from funds obtained through criminal asset seizures.
Additionally, the approval of the first U.S. spot bitcoin exchange-traded funds (ETFs) marked a pivotal moment in 2024, enhancing the cryptocurrency’s accessibility to mainstream investors. The halving event of 2024, which reduces the supply of bitcoin, is also seen as a supportive factor for its price movements.
Bitcoin will hit $1,000,000 according to Trump
Analysts’ forecastsIndustry leaders have shared their thoughtful insights and projections with CNBC, highlighting the factors they believe will shape bitcoin’s trajectory in the coming years. Below are the key predictions:
Galaxy Digital also predicts that spot bitcoin ETPs will cross $250 billion in assets under management by 2025. The firm observed that U.S. bitcoin ETPs are nearing parity with U.S. gold ETPs in AUM.
Furthermore, projections indicate that Ether could surpass $5,500 due to relaxed regulations and increased corporate adoption of Ethereum technology. Dogecoin is also expected to reach $1 by 2025.
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