2024 is an impressive year for the cryptocurrency industry, marked by significant events, including the approval of Bitcoin ETFs, strong political support for BTC and the cryptocurrency ecosystem in the US and abroad, Microstrategy becoming the first BTC-focused company added to the Nasdaq 100 Index, and many other achievements in this field.
While BTC broke its latest ATH above $108,000 on December 17 of this year, CNBC revealed bold price predictions for this digital asset, featuring key names in the industry. Here are the top price predictions for BTC in 2025.
Bitcoin Price Prediction for 2025
CoinShares – $150,000
James Butterfill, head of research at CoinShares, told CNBC that he predicts Bitcoin will reach $150,000 next year, emphasizing that this digital asset could even achieve 25% of gold's market share, about $250,000.
However, his highest price prediction is not expected to occur next year, but he said BTC will certainly trend in that direction. CNBC reported that CoinShares predicted in 2023 that BTC would reach $80,000 this year.
Matrixport – $160,000
Cryptocurrency financial services company Matrixport predicts BTC will reach $160,000 by 2025 as this digital asset is expected to achieve a significant adoption threshold of 8%.
The head of research at the company, Markus Thielen, shared with CNBC that this outlook is supported by the following factors:
Continued demand for BTC ETFs
Favorable macroeconomic trends
Expanding global liquidity funds
BTC ETFs were approved in the US in January 2024 and have achieved a cumulative net inflow of over $35 billion. Cryptocurrency products reached $20 billion much faster than gold, reflecting increasing institutional adoption. According to SoSoValue data, the day with the highest inflow into BTC ETFs was November 7, when cryptocurrency products recorded $1.38 billion in inflows.
BlackRock's BTC ETF, IBIT, has been called by Larry Fink as "the fastest-growing fund ever," with cumulative net inflows of over $37.2 billion as of December 30, making it the most important BTC ETF in the US. IBIT recorded only 10 days of outflows this year, continuing to buy BTC regardless of price fluctuations. Last year, Matrixport predicted BTC would reach $125,000 by 2024.
Galaxy Digital – $185,000
Alex Thorn, head of research at Galaxy Digital, predicts BTC will reach $150,000 in the first half of 2025 and up to $185,000 in Q4.
According to a research note shared with CNBC, he believes that the combination of institutional, business, and national adoption will drive BTC to reach impressive new ATHs.
He emphasizes that this digital asset is appreciating faster than other asset classes, particularly the S&P 500 and gold, and this trend will continue into 2025, when BTC reaches 20% of gold's market capitalization.
Currently, gold has a market capitalization of $17.6 trillion, meaning BTC could reach a market cap of over $3.5 trillion, according to Thorn's predictions. Currently, BTC's market capitalization is $1.85 trillion, ranking 7th in the list of top assets by market cap worldwide.
Galaxy also predicts that by 2025, BTC ETPs will collectively surpass $250 billion in AUM and five new companies in the Nasdaq 100 will add BTC to their reserves.
This year marks a significant event as MicroStrategy became the first BTC-focused company added to the Nasdaq 100 Index. The company has been purchasing BTC since 2020 and as of December 29, the company holds 446,400 BTC on its balance sheet, worth over $42 billion at current prices.
Additionally, Galaxy expects five countries to add BTC to their national investment funds. So far, Donald Trump, the newly elected president of the United States, has confirmed that there will soon be a BTC reserve fund, while other countries have also revealed similar plans.
El Salvador, the first country to accept BTC as legal tender in 2021, currently has a BTC Treasury exceeding 6,000 BTC, recently valued at over $565 million at current prices.
According to recent reports, the country's president, Nayib Bukele, continues to have the highest approval rating among all leaders.
Bit Mining – $190,000
Youwei Yang, chief economist at Bit Mining, predicts that BTC will reach between $180,000 and $190,000 by 2025. Factors that could support BTC prices include:
Lower interest rates
Support for Trump
Strengthening institutional adoption
In 2024, the US Federal Reserve decided to cut interest rates a few times, and the price of BTC was driven by these decisions. According to the latest FOMC meeting, 2025 is expected to see at least two more interest rate cuts, a factor that will push BTC prices higher, based on historical data.
Yang also mentioned historical cycle models and the increasing trend of cryptocurrency adoption.
Speaking about cryptocurrency adoption, Binance, the world's most important cryptocurrency exchange, also recently mentioned this topic in a survey, stating that 45% of respondents participated in the cryptocurrency ecosystem this year.
Standard Chartered – $200,000
Geoffrey Kendrick of Standard Chartered predicts BTC will reach $200,000 by the end of 2025. The bank expects capital inflow from institutions to continue at least at the same rate as this year.
BTC cash flow from institutions has reached 683,000 BTC since the beginning of 2024, which is $64.4 billion at current prices. Kendrick also noted that the amount of BTC that MicroStrategy buys will equal or exceed the amount purchased in 2024.
He also mentioned pension funds, and according to him, these funds should start adding more BTC to their portfolios through US ETFs by 2025, thanks to anticipated reforms from the upcoming Trump administration regarding regulations for TradFi companies investing in cryptocurrency.
He notes that even a small allocation in US pension funds would drive BTC prices.
In May, we reported that the Wisconsin pension fund had invested nearly $100 million in BlackRock's IBIT. Additionally, at that time, BlackRock predicted that financial institutions like national investment funds, pension funds, and other organizations would begin trading BTC ETFs.
Carol Alexander – $200,000
CNBC also mentioned Carol Alexander, a finance professor at the University of Sussex, who predicts BTC will reach $200,000 by 2025. He stated that BTC prices will be driven by supportive regulations from the US.
The upcoming Trump administration will bring supportive names for the cryptocurrency industry, boosting this ecosystem with optimism.
In 2023, Alexander reportedly told CNBC that BTC would reach $100,000 this year.
Maple Finance – $200,000
Sid Powell, CEO and co-founder of Maple Finance, a centralized finance platform, has set a BTC price target of $180,000 to $200,000 by 2025.
He mentions price-triggering factors including ETFs, institutional adoption, and the establishment of a BTC reserve fund in the US.
Powell also stated that although the cryptocurrency market is likely to continue seeing price declines, the 70% to 80% drop that BTC has seen in the past is unlikely to happen next year due to the capital inflow from institutions acting as a buffer.
Nexo – $250,000
Elitsa Tasakova, product director of cryptocurrency lending platform Nexo, is also very optimistic about BTC, seeing this digital asset reaching $250,000 next year.
In the long run, over the next 10 years, she sees the cryptocurrency market capitalization surpassing that of gold.
Her prediction is based on the following:
Enhancing BTC's recognition as a reserve asset
Adding BTC and cryptocurrency ETPs
Stronger adoption
Macroeconomic conditions support
She also mentioned to CNBC that since the US is the leading country in deploying cryptocurrency-related capital, interest rate decisions and inflation dynamics will remain key influencing factors on BTC prices in 2025.
Overall, after a successful 2024 reflected by BTC reaching the significant psychological level of $100,000, the entire cryptocurrency industry is heading towards an even more optimistic 2025.
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