As we all know, Bitcoin has recently crossed the milestone of $100k registering a new all-time high of $108k, following the spike in prices analysts and pro-crypto firms came with new speculations over the prices. In some terms, it will soon cross the milestone of $150k followed by $200k.
Franklin Templeton, the issuer of known Bitcoin spot ETF has argued that in 2025 more nations are expected to adopt strategic Bitcoin reserves. The issuer published an in-house formed list of the nations that could likely adopt a strategic Bitcoin reserve.
The firm further notes that Bitcoin will continue to solidify its position worldwide, the pioneer of crypto could become the world’s most prominent asset.
Some primary reasons behind the arguments of Franklin are the surged adoption of Bitcoin after the entry of institutional giants and other big investors that acquired BTC worth millions.
However, the ETF provider didn’t detail which countries will be adopting Bitcoin as a strategic reserve. According to the organization, next year will see the integration of crypto’s core technology into international financial systems.
Do technical indicators favor the growth of Bitcoin in 2025?
Since the beginning of the year till the historical victory of Donald Trump the wider market has seen unprecedented spikes and, at the same time succeeded in breaking all its past highs recently registering a time high above $108k.
When writing, Bitcoin was trading at $93,741 with an intraday decline of 1.98 percent and it lost 3.52 percent in the past seven days.
Concerning specific price forecasts, some experts believe that, using technical indicators such as Fibonacci extensions, Bitcoin may reach $123,000 or even $156,000 in 2025.
These forecasts should be regarded cautiously, though, as they are quite speculative. All things considered, technical indications point to the dangers and uncertainties surrounding Bitcoin’s future performance even though they also point to some growth potential.
Not all analysts, though, are optimistic about Bitcoin’s future. Citing the conclusion of the halving event and the possible waning of MicroStrategy’s leveraged bet on Bitcoin, some forecast a bear market loss of 20% or more. Bitcoin’s expansion may also be hampered by the absence of a clear legal framework and the possibility of heightened competition from other cryptocurrencies.
Ethereum is anticipated to do better than Bitcoin despite these obstacles, because of the introduction of spot Ethereum ETFs and its comparatively cheaper pricing. Ethereum’s broad use in the decentralized finance (DeFi) industry and its room for more innovation and development further bolster its growth potential.
With the possible passage of legislation that modernizes the U.S. financial system to embrace crypto, a pro-business regulatory environment is anticipated to emerge, which could lead to increased institutional adoption and mainstream recognition of cryptocurrencies as a legitimate asset class.
The regulatory environment is also anticipated to play a significant role in determining the future of the crypto market.
