Where could #bitcoin prices hit in 2025?
It is of course impossible to know what will happen to the value of bitcoin and other cryptocurrencies next year - prices are volatile.
However, the future is looking rosy, at least according to Standard Chartered, which has set a bitcoin price target of $200,000 by the end of 2025.
The bank said: 'Given the potential for further institutional flows in 2025, we remain comfortable with our end-2025 price level of around $200,000.
'Greater-than-expected uptake by US retirement accounts/pension funds, global SWFs or a potential US strategic reserve fund would make us even more bullish.'
While $200,000 seems a long way to go, financial institutions are now throwing their weight behind crypto and Trump pledging to reform crypto regulation, bitcoin could see considerable drive in 2025.
Simon Peters, market analyst at Etoro, told This is Money that bitcoin is also likely to follow its four-year cycle which could mean it is set to peak in 2025.
He said: 'Bitcoin is following its usual four-year boom and bust cycle, and if history is anything to go by, we typically see the peak of the bull market 12 to 18 months post block-reward halving.
'With the latest block reward halving occurring in April a peak for the crypto bull market could occur at the end of 2025 or early 2026 based on this four-year theory.'
