A Bitcoin expert has made a worrying prediction for where the cryptocurrency will go in 2025.
This is after Bitcoin hit a record of $100,000 last year.
The crypto has seen a skyrocket of its value in recent months, hitting an all time high in 2024.
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But what is in store for Bitcoin in the next 12 months? One expert believes he has the answer.
Glen Goodman is the author of bestselling book The Crypto Trader, and according to him, it might not be such good news.
He believes that the best years of Bitcoin could be behind us.
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Goodman previously said: “I follow trends and by my calculations Bitcoin could be peaking at about $120,000 towards the end of January. This might well be a high point – as it then passes a theoretic red line that by my calculation goes above an expected trend. At this time, it may be time to sell.”
At the time of writing this (February 4), the value of Bitcoin sits at $98,513, which means Goodman could be onto something.
The expert went as far as to say that the crypto could fall by a whopping two-thirds of its value this year.
He continued: “I am not looking to put any more money into Bitcoin next year and believe the day after Donald Trump won the US presidential election could have been the last great opportunity to benefit from a leap in value. But I cannot discount making short-term bets if something unusual happens.
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“Trump is an unpredictable character, and you never know what is around the corner. For example, if he falls out with Elon Musk, and cryptocurrencies tumble in price then a potential buying opportunity may present itself if it starts climbing again.”
Goodman added: “I hope to buy when prices start rising and sell when they go down. But one thing you learn in this game is humility. You can get it spectacularly wrong. Crypto may just be a passing fad or turn out to be the new digital gold where it continues to go up like a precious metal. No one knows what is going to happen – no matter how much they might claim to be an expert.”
Other experts aren’t so skeptical about Bitcoin’s performance for the year ahead.
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Petr Chromy, who is a cryptocurrency trader and IT engineer, said: “In the next four months Bitcoin could continue to rise – to perhaps as much as $200,000 [£157,000]. But if it hits $160,000 [£125,000], I will sell my entire stock of Bitcoin because I fear such a surge can only be followed by a huge fall.”