Following the surge in Bitcoin's price this year, cryptocurrency investors and industry executives expect that this cryptocurrency will continue to set new historical highs in 2025.

In December, the world's largest cryptocurrency broke through the long-anticipated $100,000 mark, setting a historic high above this figure. Previously, Trump prominently highlighted supportive cryptocurrency policies in his campaign platform, and his impending return to the White House boosted sentiment in the cryptocurrency market, with many industry executives and analysts expecting him to create a more favorable regulatory environment for digital assets. During his campaign, Trump vowed to replace the current chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, who had taken tough legal actions against several cryptocurrency companies; Gensler agreed to resign from this position in 2025. Trump also stated that the U.S. could establish a strategic Bitcoin reserve by pooling funds seized from criminal activities.

Similarly, in 2024, after the SEC approved the first U.S. spot exchange-traded funds (ETFs), Bitcoin's price surpassed the nearly $70,000 milestone in 2021.

The approval of ETFs is widely seen as a key moment for cryptocurrencies, as it broadens their appeal to more mainstream investors.

Another key moment in 2024 is the halving event, which occurs every four years and will reduce the market supply of Bitcoin. This is generally very favorable for Bitcoin's price.

These developments have helped the cryptocurrency industry move away from a narrative steeped in scandals. This has been the dominant theme of 2023, when two of the most prominent figures in the cryptocurrency space—FTX's Sam Bankman-Fried (SBF) and Binance's Changpeng Zhao—were both convicted on criminal charges.

This year, Bitcoin's price has more than doubled, and the market widely expects the token to show more positive price momentum in 2025, with some industry observers even predicting its value will continue to double to $200,000. CoinShares predicts: $80,000 to $150,000.

James Butterfill, head of research at cryptocurrency asset management firm CoinShares, said he believes Bitcoin's price could reach $150,000 or $80,000 by 2025.

Butterfill stated that, in the long term, it is not 'unreasonable' to expect Bitcoin's market cap to reach 25% of gold's market share (currently about 10%), which would equate to a Bitcoin price of $250,000.

But he does not believe this will happen next year. Butterfill pointed out, 'However, the timing for this is tricky, and I don't think it will happen in 2025, but it will move in that direction.'

He stated that the likelihood of Bitcoin reaching $80,000 and $150,000 within a year is 'very high.'

If Butterfill's predicted price of $80,000 is realized, it will be due to Trump’s promised pro-cryptocurrency policies failing to materialize. Butterfill stated, 'Disappointment around the cryptocurrency policies proposed by Trump and skepticism about their implementation could trigger a significant market pullback.'

Next year, Butterfill expects a favorable regulatory environment in the U.S. to become the main driver supporting Bitcoin prices.

In 2023, CoinShares predicted Bitcoin's price would be $80,000 in 2024.

Matrixport predicts: $160,000.

Matrixport, a cryptocurrency financial services company, stated that Bitcoin could reach $160,000 in 2025.

Markus Thielen, head of research at Matrixport, stated, 'This outlook is supported by sustained demand for Bitcoin ETFs, favorable macroeconomic trends, and an expanding pool of global liquidity.'

It is well known that Bitcoin is highly volatile and can drop 70% to 80% from historical highs. Thielen stated the pullback in 2025 will be 'less pronounced.'

Thielen stated, 'The growing base of bottom-buyers for Bitcoin and strong institutional support are expected to mitigate serious pullbacks in the crypto space.'

Matrixport predicted that Bitcoin would reach $125,000 in 2024. Galaxy Digital predicts: $185,000.

Alex Thorn, head of research at cryptocurrency asset management firm Galaxy Digital, believes Bitcoin will break $150,000 in the first half of the year and reach $185,000 in the fourth quarter.

Thorn wrote in a research report, 'Adoption by institutions, enterprises, and state agencies will drive Bitcoin to new heights in 2025. Throughout its existence, Bitcoin has appreciated faster than all other asset classes, particularly the S&P 500 and gold, and this trend will continue in 2025. Bitcoin will also reach 20% of gold's market capitalization.'

Galaxy predicts that the assets managed by U.S. spot Bitcoin ETFs will exceed $250 billion by 2025.

The company expects that next year, five companies from the Nasdaq 100 index and five countries will add Bitcoin to their balance sheets or sovereign wealth funds. Standard Chartered predicts: $200,000.

Geoffrey Kendrick of Standard Chartered predicts Bitcoin's price will double; this digital assets research director at Standard Chartered stated earlier this month in a report that he expects Bitcoin to reach $200,000 by the end of 2025.

Standard Chartered expects institutional investment in Bitcoin to 'continue to maintain or exceed 2024's pace' next year.

The bank noted that since the beginning of this year, institutional purchases of Bitcoin have reached 683,000 Bitcoins, primarily through U.S. spot Bitcoin ETFs and effective alternatives to Bitcoin investments like MicroStrategy.

Kendrick stated that MicroStrategy's Bitcoin purchases should 'reach or exceed the purchase volume of 2024' next year.

He also added that due to the incoming Trump administration, which is expected to reform regulations governing traditional financial (TradFi) companies' investments in digital currencies, pension funds should start incorporating Bitcoin into their portfolios through U.S. spot Bitcoin ETFs from next year.

Kendrick noted, 'Even a small allocation from the $40 trillion in U.S. pension funds would significantly raise Bitcoin prices. If Bitcoin were adopted more quickly by U.S. pension funds, global sovereign wealth funds (SWFs), or potential U.S. strategic reserve funds, we would be even more optimistic.'

Carol Alexander predicts: $200,000.

Carol Alexander, a finance professor at the University of Sussex in the UK, believes a Bitcoin price of $200,000 is possible.

Alexander pointed out, 'I am more optimistic about 2025 than ever before,' adding that Bitcoin's price 'could easily reach $200,000, but there are no signs that volatility will decrease.'

Alexander clarified that she does not personally own any Bitcoin. 'By next summer, I expect its trading price to fluctuate around $150,000, plus or minus $50,000.'

Alexander explained that supportive regulation in the U.S. will boost Bitcoin, but a lack of regulation over cryptocurrency exchanges will continue to lead to volatility, as high-leverage trading causes price fluctuations.

Alexander has a good track record in predicting Bitcoin prices. Last year, she believed Bitcoin would reach $100,000 in 2024, and it indeed did.

Bitcoin Mining predicts: $180,000 to $190,000.

Yang Youwei, chief economist at Bitcoin Mining (BTCM), predicts that Bitcoin's price in 2025 will be between $180,000 and $190,000, but he also remains cautious, believing that price pullbacks may occur.

Yang Youwei pointed out, 'Bitcoin may see significant upward momentum and occasional sharp pullbacks in 2025. During market shock moments, such as major stock market crashes, Bitcoin could temporarily fall to about $80,000. However, the overall trend is expected to remain upward.'

Factors expected to drive Bitcoin up in 2025 include lower interest rates, Trump's support, and increased institutional adoption.

Yang Youwei stated, 'Based on these dynamics, I predict Bitcoin may peak at $180,000 to $190,000 in 2025, consistent with historical cycle patterns and the increasing trend of mainstream institutional investment in cryptocurrency.'

However, Yang Youwei also expects that Bitcoin's price will see some 'pullbacks' next year. Last year, Yang Youwei predicted Bitcoin would reach $75,000 in 2024.

Maple Finance predicts: $180,000 to $200,000.

Sid Powell, CEO and co-founder of decentralized finance platform Maple Finance, predicts that by the end of 2025, Bitcoin's price will be between $180,000 and $200,000.

Powell stated, 'If you look back at history, when we saw the emergence of gold ETFs, the inflow of funds significantly increased in the following years. I think we can expect Bitcoin ETFs to experience a similar trend.'

Powell added, 'I believe that as Bitcoin and cryptocurrencies become core asset allocations for institutional asset managers, we will see higher inflow volumes in the following years.'

Powell believes another factor driving up Bitcoin prices is the expectation of the U.S. establishing a strategic reserve of Bitcoin.

Nevertheless, the head of Maple Finance also noted the risk of pullbacks. 'I think you will certainly see pullbacks; the cryptocurrency market is still a cyclical industry,' Powell stated.

In previous market cycles, Bitcoin surged dramatically within a few months, only to crash significantly afterward.

For example, in previous cycles: in 2021, as more and more investors flocked in, Bitcoin surged to nearly $70,000 but fell to below $17,000 in subsequent years due to a series of major cryptocurrency company bankruptcies.

However, Powell emphasized that the 70% to 80% pullbacks seen in previous cycles are unlikely to occur in 2025, 'because investments from traditional financial institutions have brought greater buffers to the industry.'

Nexo predicts: $250,000.

Elitsa Taskova, chief product officer at cryptocurrency lending platform Nexo, is more optimistic about Bitcoin's prospects in 2025 than the general consensus.

Taskova noted, 'We believe Bitcoin will more than double in a year, reaching $250,000.' She believes that, in the long term, such as over the next decade, the total market capitalization of cryptocurrencies will exceed that of gold.

The product chief at Nexo stated, 'These predictions align with ongoing trends and social signals: people's recognition of Bitcoin as a reserve asset is increasing, and more exchange-traded products (ETPs) related to Bitcoin and cryptocurrencies are being widely adopted.'

She added that supportive macroeconomic conditions, such as major central banks around the world easing monetary policy, could boost Bitcoin. Taskova stated, 'The Fed's balancing acts—managing interest rates and inflation while avoiding economic stagnation—will be key.' She warned that, on the other hand, persistent inflation could also prompt the Fed to turn hawkish. 'Given that the U.S. is leading in capital deployment related to cryptocurrencies, the Fed's interest rate decisions and U.S. inflation dynamics may remain key influencing factors for Bitcoin's price in 2025.'