Bitcoin price drops below $90,000 after hitting $100,000, but experts see potential for growth

From Nasdaq: 2025-03-01 08:13:00

In 2024, Bitcoin investors saw the cryptocurrency soar past $100,000, driven by a shift in sentiment towards it as a legitimate investment choice. However, the price has dropped below $90,000, prompting questions about the right time to invest.

The approval of spot Bitcoin ETFs by the SEC in 2023 marked a turning point for Bitcoin. Institutional investors flocked to these ETFs, with nearly $27 billion invested by the end of 2024, representing 25.4% of total assets under management.

Blackrock CEO Larry Fink, once a Bitcoin skeptic, now oversees the largest spot Bitcoin ETF and predicts Bitcoin could reach $700,000. Other experts like Cathie Wood believe a 2% allocation to Bitcoin from fund managers globally could drive its value higher.

The Biden administration’s regulatory stance towards Bitcoin was cautious, but the Trump administration promises a more crypto-friendly approach, aiming to make America the “crypto capital of the planet.” This shift could impact Bitcoin’s future trajectory.

While Bitcoin’s growing mainstream acceptance and favorable regulatory environment suggest a good time to invest, its volatile nature makes it a risky asset. Long-term investment may be prudent, but those with low risk tolerance might opt for safer investments.

The Motley Fool’s Stock Advisor team has identified the 10 best stocks to buy now, excluding Bitcoin. These stocks have the potential for significant returns in the coming years, offering a diversified investment opportunity for those seeking growth.



Read more at Nasdaq: Should You Buy Bitcoin While It’s Under $90,000?