Cryptocurrency mining company Blockware stated in its market forecast report that by 2025, the price of Bitcoin could quadruple, with a worst-case scenario still showing a 58% increase, depending on Trump's strategic Bitcoin reserve plan and Federal Reserve policy.
Blockware believes that if Trump does not execute the strategic Bitcoin reserve, a bear market target price of $150,000 is possible, and the industry hopes this outcome could be realized early in his administration.
Strike founder and CEO Jack Mallers stated that Trump is likely to issue an executive order on his first day in office designating Bitcoin as a reserve asset for the United States.
Meanwhile, Blockware indicated that even if the Federal Reserve further reverses its interest rate cuts, long-term holders (addresses holding BTC for more than 155 days) actively selling Bitcoin could still lead to the realization of the bear market target price.
Blockware added that if the following three factors align, the price of Bitcoin could reach $400,000 in a bull market:
First, as the Consumer Price Index (CPI) declines, the Federal Reserve must adopt a more moderate stance.
Second, companies must accelerate their adoption of Bitcoin, with one of the 'big seven' - Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia, or Tesla - needing to add Bitcoin to its balance sheet.
Finally, the U.S. government must not only convert its existing Bitcoin holdings into a strategic Bitcoin reserve but must also accumulate more Bitcoin, although Galaxy Digital recently stated that this outcome is unlikely. (Cointelegraph)
As a 'base case', assuming the U.S. government converts its Bitcoin holdings into a strategic Bitcoin reserve, the Federal Reserve lowers interest rates as expected, and corporate adoption continues at the current pace, Blockware sets a BTC target price of $225,000. (Cointelegraph)