From CNBC: 2024-12-31 01:03:37

In 2024, Bitcoin hit record highs above $100,000 after Donald Trump’s election win, boosting industry sentiment. Trump plans a strategic Bitcoin reserve, with the SEC approving the first U.S. spot Bitcoin ETFs. The halving event reduces Bitcoin supply and supports price, marking a positive shift from past scandals.

Experts predict Bitcoin will see significant price gains in 2025. CoinShares forecasts $80,000-$150,000, while Matrixport expects $160,000. Galaxy Digital predicts $185,000, Standard Chartered anticipates $200,000, and Carol Alexander sees $200,000 as a possibility. Bit Mining estimates $180,000-$190,000, and Nexo is bullish at $250,000.

Potential factors for Bitcoin’s price rally include lower interest rates, institutional support, and favorable regulatory environments. Experts foresee corrections and pullbacks in the market due to geopolitical tensions and potential regulatory measures. Despite volatility, experts remain optimistic about Bitcoin’s future growth and increasing adoption by institutions.

Read more: Bitcoin (BTC) price predictions for 2025