Bitcoin had a remarkable 2024. It broke the $100,000 mark for the first time ever and went a little over $108,000. The approval of spot Bitcoin exchange-traded funds (ETFs) by the U.S. Securities Exchange Commission (SEC), the halving cycle and President-elect Donald Trump’s victory are some of the major factors that fueled the cryptocurrency.
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So will Bitcoin continue to skyrocket in 2025, or will it plummet? Here’s how high (or low) investing experts think Bitcoin will go in 2025 — and why they think so.
Institutional Adoption
Leading firms like BlackRock, Goldman Sachs and J.P. Morgan have shown an increasing interest in Bitcoin and other cryptocurrencies. This institutional adoption made Bitcoin more attractive to risk-averse investors, contributing to the 2024 price surge.
With adoption increasingly growing across industries, “there’s a lot of room for substantial growth for Bitcoin this year, and we’ll likely see a new all-time high of $200,000-plus,” said Sidney Powell, CEO of Maple Finance. “It boils down to institutional adoption and optimism for regulatory clarity driving this bull market moment. We’ll continue to see demand to borrow against BTC because institutions do not want to give up upside exposure.”
Participation in BlackRock’s ETF could also contribute to Bitcoin’s price movement. “BlackRock’s ETF, currently the fastest-growing in history, is one example of how simplified access to digital assets can be beneficial for the market. The increased participation in ETF use showcases Bitcoin’s appeal as a store of value and source of portfolio diversification. The pace of ETF inflows will be the bellwether for how high the BTC price can go in 2025,” Powell explained.
Benjamin Phillips, president and chief operations officer of RockItCoin, is also bullish on Bitcoin. He believes the fourth quarter rally of 2024 will have legs through 2025. “The flagship cryptocurrency’s value will continue to benefit from increasing investing opportunities, governmental acceptance and consumer interest. Plus, there’s a recognition of Bitcoin as a digital store of value domestically and abroad,” he said.
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The Incoming Trump Administration
One of the crypto market’s major concerns has been the uncertainty surrounding regulation. During his campaign, Trump vowed to dismiss SEC Chair Gary Gensler on his first day in office and establish a strategic Bitcoin reserve. Gensler has since stepped down, and Trump nominated former SEC Commissioner Paul Atkins to head the agency.
“If Trump makes good on his promise of instituting a Bitcoin national reserve, it could lead to a buying frenzy as other nation-states rush to catch up, starting a crypto arms race of sorts. If this comes to fruition, Bitcoin could easily see $250,000 to $500,000,” said Johnny Gabriele, head analyst of blockchain economics at The Lifted Initiative.
“The base case for Bitcoin is that it reaches $150,000 this year, but with its current trajectory, it can far exceed that. There is a 30% chance (via Polymarket) that the Trump administration will pass legislation for a Strategic Bitcoin Reserve. If this happens, we’ll likely see Bitcoin above $200,000 this year,” according to Jason Yanowitz, co-founder of Blockworks.
Support and Resistance Levels
Watching support and resistance levels can also help predict how high or low Bitcoin will go. Support acts as the floor, where most buyers step in to buy, while resistance acts as a ceiling, where the selling pressure often increases.
“We are at historical support of $92,000. I hope we keep holding that line. If not, things will get ugly, and I don’t think we will break it. After that, we need to break $100,000 to get out of this funk. If we can close a day or two above my last line ($107,000), we’ll go much higher,” Gabriele said.
A Correction Could Happen
Another possibility this year, according to Gabriele, is a major correction in Bitcoin. “I would not be surprised if we see a blow-off top and a major correction this year, leading Bitcoin to fall all the way to the $70,000 or $80,000 range.” Gabriele pointed out that 2025 will be the fourth year of the “four-year cycle.”
He listed a few possibilities that could cause Bitcoin to stumble, including global liquidity tightening, strict tariffs and a bubble in crypto due to artificial intelligence narratives.
While some of these factors could be positive for the crypto industry, Gabriele explained that people could get too exuberant, leading to a spike in prices and then, ultimately, a fall.
What’s Next?
Ultimately, it remains to be seen what 2025 will hold for Bitcoin.
“The truth is, no one knows where Bitcoin will go. It could hit $1 million, or it could plummet. For it to reach those lofty heights, enormous amounts of money would have to shift out of other assets and into Bitcoin: a massive challenge,” said David Materazzi, CEO of Galileo FX.
Regardless of what happens with Bitcoin, it’s important investors consider their risk tolerance and not invest more than they can afford to lose.
“The practical lesson? Be realistic about your knowledge and your risk. If you’re in, don’t bet more than you can afford to lose, and if you’re unsure, stepping back might be wiser than chasing a dream,” Materazzi said.
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This article originally appeared on GOBankingRates.com: Investing Experts Predict How High (or Low) Bitcoin Will Go in 2025
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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