$BTC

As of December 27, 2024, Bitcoin (BTC) is trading at approximately $96,172, reflecting a slight decline of about 2.14% over the past 24 hours.#BTCXmasOrDip? #BinanceLabsBacksUsual #BinanceAlphaAlert

In recent weeks, Bitcoin surpassed the $100,000 milestone, driven by factors such as the election of President Donald Trump, who is perceived as crypto-friendly, and the approval of Bitcoin-backed exchange-traded funds (ETFs).

Looking ahead, various analysts have provided the following Bitcoin price predictions:

Bitwise: Projects Bitcoin could rise above $200,000 in 2025, potentially reaching $500,000 if the federal government creates a strategic bitcoin reserve.

Standard Chartered: Aligns with Bitwise's projections, forecasting continued inflows to spot Bitcoin ETFs.

VanEck: Anticipates a high of $180,000 with significant volatility.

Deepwater Asset Management: Expects Bitcoin to hit $150,000 amidst favorable market and regulatory conditions.

Bernstein Analysts: Predict Bitcoin could reach $200,000 by 2025, citing increased demand for hard assets.

CoinFund's Seth Ginns: Suggests Bitcoin could attain a price between $250,000 and $500,000 in 2024, with potential to reach $1 million in the future, as regulatory clarity improves.

These projections are influenced by factors such as regulatory developments, institutional adoption, and macroeconomic trends. It's important to note that cryptocurrency markets are highly volatile, and actual future prices may differ significantly from these predictions.