Where Analysts Think Bitcoin is Headed in 2025
Bitcoin (BTCUSD) has had a strong 2024, climbing past many price milestones—including $100,000—as a confluence of factors drove up investor confidence in the leading cryptocurrency.
This year's runup started with demand associated with the spot bitcoin exchange-traded funds (ETFs) that began trading in January, followed by a halving that limited supply of new bitcoin and then the hope for crypto-supportive policies after the reelection of Donald Trump, seemingly reinforced by several of his post-election appointments.
While the Federal Reserve's latest projections for cutting interest rates next year shook the crypto markets, some of the aforementioned reasons for optimism remain on the table—though if the Fed slows its rate-cutting campaign, experts say, Treasury yields could remain elevated, shifting investors away from bitcoin and other risk assets.
That's why some analysts are still bullish on bitcoin—but warn of volatility ahead.
Prior to the Fed meeting shock, digital asset manager Bitwise's predictions for 2025 pegged bitcoin rising above $200,000 for the first time.That number rises to $500,000 if the federal government adopts Sen. Cynthia Lummis' plan of buying 1 million bitcoin for a «strategic bitcoin reserve.»
President-elect Trump has also supported the idea of a bitcoin reserve, but there is little clarity on how much bitcoin the government could hold, whether it would add to its existing holdings or what the purpose of such a reserve would be.
Standard Chartered analysts have a similar price expectation for bitcoin, and align with Bitwise on projecting that inflows for spot bitcoin ETFs in 2025 will remain similar to levels seen this year. These funds hold bitcoin as the underlying security and need
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