This illustration taken on November 25, 2024 shows the cryptocurrency Bitcoin.
Givenruvich | Reuters
after a heated rally Bitcoin This year, cryptocurrency investors and industry executives told CNBC they expect the flagship cryptocurrency to hit an all-time high in 2025.
In December, the world’s largest cryptocurrency surpassed the much-anticipated $100,000 mark, setting a new all-time high. This follows Donald Trump’s historic election victory in November, led by pro-cryptocurrency policies.
Trump’s impending return to the White House has boosted sentiment around cryptocurrencies, with many industry executives and analysts predicting he will create a more favorable regulatory environment for digital assets.
During the campaign, Trump vowed to replace current Securities and Exchange Commission Chairman Gary Gensler, who has taken aggressive legal action against several cryptocurrency companies. Gensler agreed to resign from the SEC in 2025.
Trump also said that the United States could build a strategic Bitcoin reserve by pooling funds seized from criminal activities.
Also in 2024, Bitcoin surpassed the 2021 price milestone of nearly $70,000 after the SEC approved the first spot Bitcoin exchange-traded funds (ETFs) in the United States.
The approval of the ETF is widely seen as a key moment for cryptocurrencies as it broadens its appeal to more mainstream investors.
Another key moment in 2024 is the halving, an event that occurs every four years and reduces the supply of Bitcoin on the market. This is generally very beneficial for the price of Bitcoin.
These developments have helped cryptocurrencies escape an industry narrative marred by scandal. That’s a theme in 2023, as two of the biggest names in crypto — FTX’s Sam Bankman-Fried and Binance’s Changpeng Zhao — are both jailed on criminal charges.
This year, the price of Bitcoin has more than doubled. The coin is widely expected to see more positive price momentum in 2025 – with some industry observers predicting its value will double to $200,000.
CoinShares: $80,000-$150,000
James Butterfill, director of research at cryptocurrency-focused asset management firm CoinShares, told CNBC that he expects Bitcoin prices to reach $150,000 and $80,000 in 2025.
Butterfill said that in the long term, it is not “unreasonable” to expect Bitcoin to account for about 25% of the gold market share – up from about 10% currently. This equates to a price of $250,000.
But he doesn’t think that will happen next year. “While the timing of this is very difficult and I don’t expect it to happen in 2025, it will move in that direction,” Butterfill told CNBC via email.
He said that Bitcoin “could potentially” reach $80,000 and $150,000 within this year.
Butterfill’s $80,000 call, if struck, would be the result of Trump’s promised pro-crypto policy failing to materialize.
Butterfield said: “Disappointment with Trump’s proposed cryptocurrency policy and doubts about its enactment could prompt a major correction in the market.”
Butterfill expects a favorable U.S. regulatory environment to be a major driver of Bitcoin prices next year.
In 2023, CoinShares predicted that the Bitcoin price would reach $80,000 in 2024.
Matrix port: $160,000
Cryptocurrency financial services company Matrixport says Bitcoin could reach $160,000 by 2025.
Markus Thielen, head of research at Matrixport, told CNBC via email: “Sustained demand for Bitcoin ETFs, favorable macroeconomic trends and expanding global liquidity pools support this outlook.”
As we all know, Bitcoin is highly volatile and has the potential to retrace 70% to 80% from its historical highs. Thielen said the reduction in 2025 will be “less significant.”
“Bitcoin’s growing base of dip buyers and strong institutional support are expected to mitigate a severe correction,” Thielen said.
Matrixport predicted in 2023 that Bitcoin would reach $125,000 by 2024.
Galaxy Numbers: $185,000
Alex Thorn, director of research at cryptocurrency-focused asset management firm Galaxy Digital, expects Bitcoin to top $150,000 in the first half of this year and reach $185,000 in the fourth quarter.
“A combination of institutional, corporate and country adoption will drive Bitcoin to new heights in 2025,” Thorne wrote in a research note shared with CNBC.
“Since its inception, Bitcoin has appreciated faster than all other asset classes, especially 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 by 2025, the total assets under management of U.S. spot Bitcoin exchange-traded products will exceed $250 billion.
The company also expects to see five Nasdaq 100 companies and five nation-states add Bitcoin to their balance sheets or sovereign wealth funds next year.
Standard Chartered Bank: US$200,000
Jeffrey Kendrick Standard Chartered Bank Calls for Bitcoin price to double. The bank’s head of digital asset research said in a report earlier this month that he expects Bitcoin to reach $200,000 by the end of 2025.
Standard Chartered Bank expects the pace of institutional capital inflows into Bitcoin next year to “continue at or exceed the pace of 2024.”
The bank noted that since the start of the year, Bitcoin inflows from institutions have reached 683,000 BTC, flowing through U.S. spot ETFs, which are mostly funded by micro strategya software company and effective Bitcoin broker.
Kendrick said MicroStrategy’s Bitcoin purchases next year should “equal or exceed purchases in 2024.”
He added that because the incoming Trump administration is expected to reform the rules for so-called “TradFi” (traditional financial) companies to invest in digital currencies, pension funds should also start to include more Bitcoin in their investments next year through U.S. spot ETFs combination.
Kendrick noted: “Even a small allocation of $40 trillion among U.S. pension funds would significantly drive up BTC prices.” “If Bitcoin is used by U.S. pension funds, global sovereign wealth funds (SWF), or potentially the U.S. strategic reserve The faster funds absorb, the more bullish we will become.”
Carol Alexander: $200,000
Carol Alexander, a professor of finance at the University of Sussex, believes that the price of Bitcoin could reach $200,000 next year.
“I’m more optimistic than ever about 2025,” Alexander told CNBC, adding that Bitcoin’s price “could easily reach $200,000, but there are no signs of volatility reducing.”
“By the summer, I expect it to be trading around $150,000, plus or minus $50,000.” Alexander clarified that she doesn’t actually own any Bitcoin herself.
Explaining her rationale, Alexander said that supportive regulation in the United States will boost Bitcoin, however, a lack of regulation on cryptocurrency exchanges will continue to drive volatility as highly leveraged trading causes prices to swing up and down.
Alexander has a history of correctly calculating Bitcoin prices. Last year, she told CNBC that Bitcoin would hit $100,000 by 2024, and that’s exactly what happened.
Bitcoin Mining: $180,000-$190,000
Youwei Yang, chief economist at Bit Mining, expects Bitcoin prices to reach $180,000 to $190,000 in 2025, but he is also cautious about a possible price correction.
“Bitcoin’s price may see significant upward momentum in 2025, but there will also be occasional sharp corrections,” Yang told CNBC. “In moments of market volatility, such as a sharp stock market decline, Bitcoin may temporarily fall to 80,000 USD. However, the overall trend is expected to remain bullish.”
Factors expected to boost Bitcoin in 2025 include lower interest rates, support from Trump, and increased institutional adoption.
“Based on these dynamics, I predict that Bitcoin may peak between $180,000 and $190,000 in 2025, consistent with historical cycle patterns and the increasing mainstream adoption of cryptocurrencies.
Still, Yang expects some “correction” in Bitcoin prices next year as well.
Downside risks include U.S.-China tensions, disruptions in global capital markets, potential unexpected restrictions and possible delays in the Fed’s rate-cutting cycle.
Last year, Yang predicted that the price of Bitcoin would reach $75,000 in 2024.
Maple Leaf Financial: $180,000-$200,000
Sid Powell, CEO and co-founder of centralized finance platform Maple Finance, aims for a Bitcoin price of $180,000 to $200,000 by the end of 2025.
“If you look at it from a historical perspective, when we see gold ETFs come out, inflows in the first year increase dramatically in subsequent years, I think we can expect that,” Powell told CNBC’s “Squawk Box Europe.” See this in the Bitcoin ETF.
“I think we will see more inflows over the next few years as Bitcoin and cryptocurrencies become core asset allocations for institutional asset managers,” Powell added.
Another factor that Powell believes is driving up Bitcoin prices is the U.S.’s expectations for a strategic reserve of Bitcoin
Still, the Maple Finance boss is concerned about market pullbacks. “I think you’re certainly going to see a correction — cryptocurrencies are still a cyclical industry,” Powell told CNBC.
In previous market cycles, Bitcoin rose sharply for a few months and then fell sharply in price.
Take the previous cycle, for example: In 2021, the price of Bitcoin rose to nearly $70,000 as more investors poured in, but the following year it plummeted to less than $17,000 as a series of major crypto companies went bankrupt. Dollar.
However, Powell stressed that Bitcoin’s 70% to 80% retracement in past cycles is unlikely to occur in 2025 “because there are more buffers for institutional inflows into the sector.”
Contact: $250,000
Elitsa Taskova, chief product officer of crypto lending platform Nexo, is more optimistic about Bitcoin’s prospects in 2025 than the general consensus.
“We think Bitcoin will more than double in a year to $250,000,” Taskova told CNBC. She added that in the long term – say over the next ten years – she thinks the entire cryptocurrency market cap will More than gold.
“These predictions are in line with current trends and social hallmarks: increasing recognition of Bitcoin as a reserve asset, more Bitcoin and cryptocurrency-related exchange-traded products (ETPs), and broader use.
She added that favorable macroeconomic conditions, such as easing monetary policy by the world’s major central banks, could boost Bitcoin.
“The Fed’s balanced approach – managing interest rates and inflation while avoiding stagnation – will be critical,” she said. On the other hand, continued inflation could also prompt a hawkish turn, she warned.
“With the United States leading the way in crypto-related capital deployment, interest rate decisions and inflation dynamics are likely to remain key influences on Bitcoin prices in 2025.”
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