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#BitwiseBitcoinETF Bitcoin Price Predictions and Driving Factors Analysts at Bitwise expect bitcoin to reach $200,000 by the end of 2025, while those at VanEck peg it at $180,000.23 Such predictions for bitcoin prices have been made many times in the past but seemed too ambitious. With bitcoin surging above $100,000, they may not seem so far-fetched now. There are only 21 million bitcoins that can ever be created, and 19.79 million of them are already in circulation.4 While bitcoin supply is finite, demand for it has picked up. There is growing demand for bitcoin from institutional investors that include ETF promoters, corporations and nation-states. Spot bitcoin ETFs have seen investors pour in $36 billion.5 MicroStrategy (MSTR), the leader for public companies holding bitcoin on its books, held 444,262 worth roughly $42 billion as of Dec. 23.6 Historically, bitcoin—and by extension the entire crypto market—rises and falls in line with the four-year bitcoin halving cycle. If that cycle were to hold, crypto markets would be due for a correction in 2025. But the presence of large institutional investors could limit any downturn.
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