According to BlockBeats, on January 1, CNBC reported that Bit Mining's chief economist Youwei Yang predicts that by 2025, Bitcoin's price will reach between $180,000 and $190,000, but he also takes a cautious stance on potential price corrections.
Yang stated: "Bitcoin's price could see significant upward momentum in 2025, but there will also be occasional major corrections. During market turbulence, such as a significant drop in the stock market, Bitcoin may temporarily fall to around $80,000. However, the overall trend is still expected to be bullish. Based on these dynamics, I predict Bitcoin's price could peak between $180,000 and $190,000 in 2025, consistent with historical cycles and the mainstream adoption of cryptocurrencies. "
Nevertheless, Yang also expects some "adjustments" in Bitcoin's price next year. Downside risks include tensions between China and the U.S., global capital market turmoil, potential unexpected restrictions, and the possibility of the Federal Reserve delaying its interest rate cuts.
Last year, Yang predicted that Bitcoin would reach $75,000 in 2024.
