Analysts predict Bitcoin’s price for 2025
The post Analysts predict Bitcoin’s price for 2025 appeared on BitcoinEthereumNews.com.
Bitcoin (BTC) has had one of its best-performing years in 2024, finally reaching the coveted six-figure valuation with a segment of the market anticipating continued growth in the coming months. The asset’s rise has been driven by multiple factors, with the approval of the spot exchange-traded fund (ETF) in the United States serving as a major catalyst early in the year. Most recently, Bitcoin surged to a record high of $108,000, fueled by post-election optimism following Donald Trump’s victory. His stance on pro-cryptocurrency policies has led many to expect further market gains. As of press time, Bitcoin is trading at $93,450, reflecting a 121% rally year-to-date. Bitcoin YTD price chart. Source: Finbold Looking ahead to the new year, several key factors could support Bitcoin’s upward momentum. A significant one will be watching whether Trump follows through on his promises to the cryptocurrency space. The president-elect has supported the idea of a Bitcoin reserve, though details about the government’s potential holdings and the reserve’s purpose remain unclear. Any new developments in this area will likely play a pivotal role in shaping Bitcoin’s price movements. Bitcoin price prediction for 2025 With this in mind, several analysts and institutions have offered projections for the maiden cryptocurrency price 2025. Top on the list is banking giant Standard Chartered, which projects Bitcoin is likely to trade at $200,000 by the end of 2025, a price target that would put the asset’s market cap near the $4 trillion mark. Geoff Kendrick, the bank’s Global Head of Digital Assets Research, said institutional investors would drive the $200,000 valuation, with inflows maintaining or surpassing 2024’s pace. Analysts at VanEck also have a cautiously optimistic outlook for Bitcoin in 2025, projecting a record high of $180,000. However, they anticipate significant volatility throughout the year. In a December 13 report,…
Filed under: News - @ December 29, 2024 8:11 pm