In recent weeks, the price of Bitcoin has declined, significantly retracing from its historical high of over $108,000 reached in mid-December, dropping nearly 3% for the month, though the overall increase for 2024 is still about 120%. This remarkable rise in Bitcoin this year can be attributed to three bullish factors—optimism regarding regulatory easing, an improving macro environment, and high investment demand. Analysts predict that this cryptocurrency may have even greater upside potential in 2025. Tom Lee, founder of Fundstart Global Advisors, expects Bitcoin to potentially reach $250,000 in 2025. Standard Chartered's expectation is $200,000.
In the past two bull market cycles since 2017, Bitcoin has reached new highs every four years. The increase in each bull market cycle has ranged between 2300% and 1700%, followed by a retreat of 70% to 80%. Since hitting a low of $16,000 two years ago, Bitcoin has surged by about 600%, indicating its enormous potential for further increases in the next two years. (BusinessInsider)

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