James Butterfill, the head of research at cryptocurrency asset management company CoinShares, stated that he believes the price of Bitcoin could reach $150,000 or $80,000 by 2025. If the predicted $80,000 price materializes, it would be due to the failure of the pro-crypto policies promised by Trump. James Butterfill said, 'The disappointment surrounding the crypto policies proposed by Trump and skepticism about their implementation could trigger a significant market correction.'
James Butterfill stated that, in the long term, expecting Bitcoin's market value to reach 25% of gold's market share (currently around 10%) is not 'unreasonable,' which would equate to a price of $250,000 for Bitcoin. However, he believes this will not happen next year. James Butterfill pointed out, 'However, the timing for this is difficult to gauge, and I do not think it will happen in 2025, but it will move in that direction.' He indicated that the likelihood of Bitcoin reaching $80,000 and $150,000 within a year is 'very high.' Next year, James Butterfill expects a favorable regulatory environment in the U.S. to be the main driver supporting Bitcoin's price. In 2023, CoinShares predicted Bitcoin's price to be $80,000 in 2024. (CNBC)

#BTC