Bitcoin continues to trade under $100,000 to start the New Year after retreating from its record high near $108,300 in mid-December. Despite the recent pullback, analysts expect bitcoin to clear $200,000 this year as 2024 set the stage for accelerating gains. Cryptocurrency prices rebounded early Thursday.
H.C. Wainwright on Thursday wrote that it expects bitcoin to reach $225,000 per coin by the end of 2025. That's up from its prior forecast for $145,000, The Fly reported.
The firm cited the historical price cycles of bitcoin, recent price action, and broad expectations for a more favorable regulatory environment under the incoming Trump administration as drivers for the digital assets industry in 2025. The availability of spot exchange traded fund products in the U.S., as well as accelerating institutional and corporate adoption should also accelerate price gains.
en|en|#BTC94KShowdown