According to Deep Tide TechFlow news and a report by CNBC, James Butterfill, head of research at crypto-focused asset management firm CoinShares, told CNBC that he expects Bitcoin’s price to reach $150,000 and $80,000 by 2025.
James Butterfill stated that it is not “unreasonable” to expect Bitcoin's value to rise from its current 10% to about 25% of the gold market share. This equates to a price of $250,000.
But he believes that this will not happen next year. “Although timing is difficult to grasp, I don’t expect it to happen in 2025, but the situation will move in that direction,” he said, stating that Bitcoin is “very likely” to reach $80,000 and $150,000 within this year.
If Butterfill's $80,000 call comes to fruition, it would be a result of Trump’s promised pro-crypto policies failing to materialize. Butterfill stated, “Disappointment with Trump’s proposed crypto policies and skepticism about their implementation could trigger a significant market adjustment.” Butterfill expects that a favorable regulatory environment in the U.S. next year will be a major driving force supporting Bitcoin's price.
In 2023, CoinShares predicts that Bitcoin will reach $80,000 in 2024.
