Bitcoin Predicted to Reach New Highs by 2025
Bitcoin (BTC) is expected to set a new record high in 2024 and surge to as much as $150,000 in 2025, as per analysts at Bernstein. The cryptocurrency is anticipated to witness unprecedented mainstream institutional adoption, driving capital from traditional markets to crypto markets.
Analysts predict a crypto era marked by this mainstream adoption and cite favorable macroeconomic conditions, including peaking interest rates, declining inflation, and potential monetary stimulus in a major election year globally.
According to analysts, the world’s leading asset managers are likely to launch a Bitcoin ETF in the near future. They advise investors to focus on multiple bullish Bitcoin catalysts through the year, including the halving, transaction fees inflection, and ETF marketing.
The potential catalysts for BTC prices to propel higher in 2024 and 2025 could be much bigger-than-expected demand from corporate treasuries, as per the analysts’ assessment.
The analysts expect Bitcoin to touch all-time highs in 2024 in the second half post-halving and may likely close the year at around $80,000. Their estimate for 2025 remains at $150,000 as the cycle high.
They also anticipate crypto equities to attract mainstream institutional interest in 2024, with short interest bears getting squeezed and equity investors feeling under-exposed to crypto.
Analysts also predict that Ethereum (ETH) will be the only non-BTC asset to get a spot ETF, given its growing fees, scaling roadmap, and sustainable token model.
Summary:
- Bitcoin expected to hit new highs in 2024 and reach $150,000 in 2025.
- Mainstream institutional adoption driving capital from traditional markets to crypto markets.
- Favorable macroeconomic conditions and potential launch of Bitcoin ETF.
- Predicted catalysts for BTC price surge, including corporate treasuries’ demand.
- Bitcoin estimated to touch all-time highs in 2024 and close the year at $80,000.
- Anticipated mainstream institutional interest in crypto equities and a spot ETF for Ethereum.