6 Ways to Be Sure Bitcoin’s Price Will Break The Sky in 2025
The post 6 Ways to Be Sure Bitcoin’s Price Will Break The Sky in 2025 appeared on BitcoinEthereumNews.com.
For context, Bitcoin returned a yield in average crypto exchange prices of 210% from Nov. 1, 2023, to a historical record high level above $108,000 on Dec. 16, according to data compiled by CoinMarketCap. Compare that to US stocks’ performance over the same time period, and the original and most secure cryptocurrency massively over-indexed for investor profits: Over the same span, the S&P 500 Index, the broad benchmark for US stocks, gained 45%. Meanwhile, the tech-focused Nasdaq Composite jumped by 55%, according to data from Yahoo Finance. What makes Bitcoin’s feat in 2023 especially remarkable is that it was a landmark record year for stocks. However, key analysts among the crypto X community and in traditional finance companies are expecting a repeat of the cryptocurrency sector in 2025. Below are six key factors pouring rocket fuel on the Bitcoin economy. 1. Crashing CX Balance to Bitcoin Price Ratio Based on the simple economics of supply and demand, one of the most bullish portents of 2025 for Bitcoin is the vanishing supply of BTC on crypto exchanges. That decreases the available supply of Bitcoin for sale. The remaining supply is becoming radically more precious and thus commands a higher price. Moreover, the flight of BTC from exchanges signals the intention of owners to hold their stashes long-term. That entails sustained support for Bitcoin’s price at its current levels. The balance of Bitcoin on crypto exchanges crashed over the New Year holiday to a low unseen since Feb. 2018, according to Coinglass data. Meanwhile, BTC’s price is soaring near record highs. 2. Corporations, Governments Join Roaring ’20s The anticipated entry of the US government into the BTC race is another sure sign of massive and lasting price support to come for Bitcoin. In addition to the incoming Trump Administration, which plans to establish…
Filed under: News - @ January 5, 2025 6:59 am