After a bumper Bitcoin year in 2024, the popular cryptocurrency is set to soar again in 2025. While there are plenty of cryptocurrencies out there, the OG is more popular than ever.
In a post-election world where the world's richest have only got richer, an increasingly tech-savvy USA has seen Bitcoin prices climb.
Although we've seen a slight dip from December 17's all-time high of $106,490.10, it's still holding strong at around $94,000. According to cryptocurrency experts, that's nothing to what Bitcoin could hit in 2025.
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Speaking to CNBC, multiple sources have said that 2024's 150% rally will look like relatively short change compared to 2025's potential peak of $250,000.
Bitcoin's record-breaking year has largely been put down to President-elect Donald Trump, who pushed a crypto-heavy campaign and vowed to replace the crypto-harsh Securities and Exchange Commission Chair Gary Gensler as soon as he's in office. Gensler has taken 'aggressive' legal action against crypto firms but has screed to step away from the SEC in 2025.
CNBC notes that several experts have suggested Bitcoin will double to $200,000 in 2025, with the most liberal predictions pushing for $250,000. Then again, we've already seen crypto expert Tim Draper get it wrong about Bitcoin reaching $120k by the end of 2024.
James Butterfill, head of research for crypto-focused asset manager CoinShares, said he expects prices of both $150,000 and $80,000 to hit Bitcoin in 2025. He goes on to say that it wouldn't be 'unreasonable' for Bitcoin to be worth around 25% of gold's market share.
This would be an impressive climb from its current 10% and price Bitcoin at $250,000, but Butterfill warned: "Timing of this is very difficult though and I don’t expect this to occur in 2025, but it will head in that direction."
As for the lower estimate of $80,000, he said it could be down to "disappointment surrounding Trump’s proposed crypto policies and doubts about their enactment could prompt a significant market correction."
Although not owning any Bitcoin herself, Carol Alexander, professor of finance at the University of Sussex, has marked $200,000 in the diary: "I’m more bullish than ever for 2025."
She explained how Bitcoin's price "could easily reach $200,000 but there are no signs of volatility reducing," and concluded: "By the summer I expect that it will be trading around $150,000 plus or minus $50,000."
Coming right in at the top end, Elitsa Taskova, chief product officer of crypto lending platform Nexo, is more confident: "We see bitcoin more than doubling to $250,000 within a year."
She even sees the crypto overtaking gold in the next decade and added: "These projections align with ongoing trends and social markers: increasing recognition of Bitcoin as a reserve asset, more Bitcoin and crypto-related exchange-traded products (ETPs), and stronger adoption."
If Trump can deliver on his crypto crusade, the optimistic estimations could become a reality for Bitcoin. Even if he can't, it's worth holding onto your Bitcoin wallets to see what happens next.