Bitcoin (BTC) Outlook for 2025 and Beyond
Bitcoin's price has surged more than 140% in 2024, reaching the $100K milestone. The rally was driven by the launch of Bitcoin Spot ETFs and the reduced supply following the fourth halving event in 2024. The US presidential election victory of crypto-friendly candidate Donald Trump has further bolstered market sentiment for 2025.
Key Factors Influencing BTC Outlook:
1. Institutional Adoption: The launch of Bitcoin Spot ETFs in January 2024 created a regulated and accessible avenue for institutional and retail investors. By year-end, the combined 11 BTC spot ETFs held over 1 million Bitcoin out of the 19.79 million BTC circulated supply.
2. Reduced Supply: The fourth halving event in April 2024 reduced the supply of Bitcoin, contributing to the price surge.
3. US Pro-Crypto Policy: The victory of crypto-friendly candidate Donald Trump in the US presidential election in November 2024 added further momentum to the market.
4. Technical Analysis: Technical analysis and expert insights within the crypto space support a bullish outlook for BTC, with price targets exceeding $200K by 2025.
Current Market Status:
Current Price: $96,624.38 per BTC
Market Cap: $1,913.02B USD
24-hour Trading Volume: $93.74B USD
Circulating Supply: 19.80M BTC
Expert Opinions:
Darius Sit, Founder & Chief Investment Officer of QCP Singapore "I have never been more bullish on Bitcoin," Sit told FXStreet in an exclusive interview. He believes Bitcoin is increasingly being brought into traditional markets, with a particular focus on debt financing.