Bitcoin's price surged past the much-anticipated $100,000 threshold late on December 4 after President-elect Donald Trump announced that he picked crypto-friendly Paul Atkins to run the Securities and Exchange Commission (SEC).
Trump has made bullish statements on the crypto industry, commenting previously that "I want it to be mined, minted, and made in the USA," and has also proposed establishing a "strategic reserve" of the world's preeminent digital currency, Bitcoin.
In recent years, Bitcoin has found a significantly growing appetite among institutional investors, helping to cement its emerging status as a mainstream asset and defying skepticism in some corners of the financial world.
With Trump heading back into the White House, the future is looking rosier for Bitcoin. How high will Bitcoin go in 2025 now it has conquered $100,000? Newsweek asked analysts for their views. Here's what they said.
Geoff Kendrick, Global Head of Digital Assets Research, Standard Chartered Bank
In simple answer to your question, $200k by the end of 2025. Institutional flows to continue.
Markus Thielen, CEO, 10x Research
Based on our power law model, Bitcoin should hit a minimum of $157,346 with a target of $315,323—as you can see, this model has predicted the range quite accurately.
The BTC Power Law Model charts Bitcoin's historical prices onto a power-law curve, scaling over time to predict upper and lower price bounds.
Fitting a power-law equation to log-transformed data captures growth trends and speculative extremes.
For the current cycle, the model suggests a potential range of $157,346 to $315,323, while the base power-law level is estimated at $79,000. Historically, peaks have often reached 3-4x the base level.
Daniel Coatsworth, Editor-in-Chief and Investment Analyst, AJ Bell
It is impossible to predict where Bitcoin will go in 2025. There are so many variables impacting the price that no-one can say with any certainty where it could go.
André Dragosch, Director, Head of Research - Europe, Bitwise
Our official view is that Bitcoin will likely approach $200k by the end of 2025.
Key investment narratives for 2025 remain the ongoing corporate treasury and sovereign reserve asset adoption of Bitcoin. This will likely continue to exacerbate the ongoing supply shock that already emanated from the Bitcoin halving in April 2024.
We also expect a similar number of net inflows into global Bitcoin ETPs next year, which should also intensify this supply shortage of Bitcoins.
Moreover, the significant decline in U.S. regulatory uncertainty which we expect for 2025 for cryptoassets will also provide a significant tailwind for altcoins, i.e. everything outside of Bitcoin.
We think that the time to underweight major altcoins like Ethereum vis-à-vis Bitcoin is coming to an end in 2025 and there is a high likelihood that altcoins should significantly outperform Bitcoin next year.
An acceleration in major themes like stablecoin issuances and real-world asset tokenization should also provide a significant tailwind for cryptoassets with high exposure to these themes, such as Ethereum.
From the macro side, continuing loose monetary policy amid anemic growth should also provide a tailwind for Bitcoin and cryptoassets in 2025.
Newsweek