Representations of the cryptocurrency Bitcoin are shown in this illustration taken on November 25, 2024.
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After a massive march in Bitcoin This year, cryptocurrency investors and industry executives told CNBC that they expect the leading cryptocurrency to reach all-time highs in 2025.
In December, the world's largest cryptocurrency appeared A long overdue break $100,000, setting a record price above that. That came after Donald Trump — who ran on a prominently pro-crypto political platform — achieved a historic election victory in November.
Trump's imminent return to the White House has heightened sentiment surrounding cryptocurrencies as many industry executives and analysts expect him to promote a more favorable regulatory environment for digital assets.
During his election campaign, Trump pledged to replace current SEC Chairman Gary Gensler, who has taken tough legal action against several cryptocurrency companies. Gensler has agreed to step down from the SEC in 2025.
Trump has too He noted that the United States could create a strategic reserve of BitcoinBy pooling funds obtained through seizures from criminal activity.
Also in 2024, Bitcoin surpassed the 2021 price level of close to $70,000 after the Securities and Exchange Commission gave the green light to… The US's first spot bitcoin exchange-traded funds, or ETFs.
The ETF's approval was widely seen as a major moment for the cryptocurrency as it expands its appeal to more mainstream investors.
The other key moment in 2024 was the halvingIt is an event that takes place every four years and reduces the supply of Bitcoin in the market. This is usually very supportive of the Bitcoin price.
These developments have helped move cryptocurrencies beyond the narrative An industry marred by scandal. This was the prevailing theme in 2023 as two of the most prominent figures in the cryptocurrency space – FTX’s Sam Bankman Fried and Binance’s Changpeng Zhao – received prison sentences on criminal charges.
This year, the price of Bitcoin has more than doubled. The coin is widely expected to see more positive price momentum in 2025 – with many industry observers expecting its value to double to $200,000.
Currency stocks: $80,000 – $150,000
James Butterville, head of research at cryptocurrency-focused asset manager CoinShares, told CNBC that he sees prices of $150,000 and $80,000 on Bitcoin cards in 2025.
Butterville said it would not be “unreasonable” in the long term to expect bitcoin to be worth about 25% of gold's market share — up from about 10% currently. This equates to a price of $250,000.
But he doesn't see that happening next year. “The timing of this is very difficult, and I don't expect this to happen in 2025, but it will go in that direction,” Butterville told CNBC via email.
He said it was “likely” that Bitcoin could reach $80,000 and $150,000 within the year.
Butterfill's $80,000 order, if implemented, would be a result of Trump's promised pro-crypto policies not being implemented.
“The disappointment surrounding Trump’s proposed cryptocurrency policies and doubts about their enactment could lead to a significant market correction,” Butterville said.
Next year, Butterville expects the favorable US regulatory environment to be the main driver supporting Bitcoin prices.
In 2023, CoinShares predicts that the price of Bitcoin will reach $80,000 in 2024.
Matrixport: $160,000
Matrixport, a crypto financial services company, said that Bitcoin could reach $160,000 in 2025.
“These forecasts are supported by continued demand for Bitcoin ETFs, favorable macroeconomic trends, and an expanding global liquidity pool,” Markus Thelen, head of research at Matrixport, told CNBC via email.
Bitcoin is known to be extremely volatile with possible corrections of between 70% and 80% from all-time highs. Withdrawals in 2025 will be “less visible,” Thielen said.
“Bitcoin’s growing base of low buyers and strong institutional support are expected to mitigate severe corrections,” Thelen said.
Matrixport predicted in 2023 that the price of Bitcoin would reach $125,000 in 2024.
Galaxy Digital: $185,000
Alex Thorn, head of research at cryptocurrency-focused asset manager Galaxy Digital, expects bitcoin to exceed $150,000 in the first half of the year before reaching $185,000 in the fourth quarter.
“The combination of institutional, corporate and state adoption will propel Bitcoin to new heights in 2025,” Thorne wrote in a research note shared with CNBC.
“Throughout its existence, Bitcoin has appreciated faster than all other asset classes, especially the S&P 500 and gold, and this trend will continue in 2025. Bitcoin will also reach 20% of the market cap of gold.”
Galaxy expects US exchange-traded Bitcoin products combined to exceed $250 billion in assets under management in 2025.
The company expects that next year will also see five Nasdaq 100 companies and five nation states add Bitcoin to their balance sheets or sovereign wealth funds.
Standard Chartered: $200,000
Jeffrey Kendrick Standard Chartered He calls for doubling the price of Bitcoin. The bank's head of digital assets research said in a note earlier this month that he expects the price of bitcoin to reach $200,000 by the end of 2025.
Standard Chartered expects institutional flows into Bitcoin next year to continue at or above the 2024 pace.
The bank noted that Bitcoin flows from institutions have already reached 683,000 Bitcoin since the beginning of the year, via US ETFs that were largely purchased by… Accurate strategya software company and Efficient Bitcoin proxy.
MicroStrategy's bitcoin purchases should “match or exceed its 2024 purchases” next year, Kendrick said.
He added that pension funds should also start including more Bitcoin in their portfolio via US ETFs next year thanks to expected reforms from the incoming Trump administration to the rules for so-called “TradFi” (traditional finance) companies that make investments in digital currencies.
“Even a small $40 trillion allocation into US pension funds would significantly boost Bitcoin prices,” Kendrick noted. “We would be more optimistic if BTC saw faster uptake by US pension funds, global sovereign wealth funds (SWFs), or a potential US strategic reserve fund.”
Carol Alexander: $200,000
Carol Alexander, a professor of finance at the University of Sussex, sees $200,000 in bitcoin as a possibility next year.
“I'm more optimistic than ever for 2025,” Alexander told CNBC, adding that Bitcoin's price “could easily reach $200,000 but there are no signs of reduced volatility.”
“By summer I expect it to trade at about $150,000 plus or minus $50,000.” Alexander explained that she does not actually own any Bitcoin herself.
Explaining her rationale, Alexander said that supportive US regulation will boost Bitcoin, however, the lack of regulation on cryptocurrency exchanges will continue to spark volatility due to high-leverage trades that send prices soaring up and down.
Alexander has a history of getting Bitcoin's price right. Last year, she told CNBC that Bitcoin would reach $100,000 in 2024, which it has already done.
Bits mining: $180,000 – $190,000
Youwei Yang, chief economist at Bit Mining, expects the price of bitcoin to reach between $180,000 to $190,000 in 2025 — but he also warned of potential price declines.
“Bitcoin price in 2025 is likely to see significant upward momentum and occasional sharp corrections,” Yang told CNBC. “In moments of market shocks, such as a major stock market downturn, Bitcoin could temporarily fall to around $80,000. However, the overall trend is expected to remain bullish.”
Factors behind Bitcoin's expected rally in 2025 include lower interest rates, support from Trump, and increased institutional adoption.
““Based on these dynamics, I expect bitcoin’s value to peak at $180,000 to $190,000 in 2025, consistent with historical cycle patterns and growing mainstream adoption of cryptocurrencies,” Yang said.
However, Yang also expects a number of “corrections” to the price of Bitcoin in the coming year.
Downside risks include US-China tensions, global capital market turmoil, potentially unexpected restrictive measures, and a potential delay to the Fed's interest rate cutting cycle.
Last year, Yang predicted that Bitcoin would reach $75,000 in 2024.
Maple Funding: $180,000 – $200,000
Sid Powell, CEO and co-founder of centralized finance platform Maple Finance, is targeting a price of between $180,000 and $200,000 for Bitcoin by the end of 2025.
“If you look historically when we saw gold ETFs emerge, inflows in the first year increased dramatically in subsequent years — and I think we can expect to see that with gold ETFs,” Powell told CNBC's “Squawk Box Europe.” Bitcoin.
“I think we will see higher flows in subsequent years as bitcoin and cryptocurrencies truly become a core asset allocation for institutional asset managers,” Powell added.
Another factor that Powell sees as boosting the price of Bitcoin is the expectation that there will be a strategic reserve of Bitcoin in the United States
However, the Maple Finance boss is aware of the market declines. “I think you will of course see corrections, cryptocurrencies remain a cyclical industry,” Powell told CNBC.
In previous market cycles, Bitcoin rose significantly over the course of a few months before its value fell sharply.
Take the previous cycle, for example: in 2021, Bitcoin rose to nearly $70,000 as the number of investors increased, but the following year, the token fell below $17,000 on the back of a series of bankruptcies of major cryptocurrency companies.
However, Powell stressed that the 70% to 80% withdrawals that Bitcoin has seen in past cycles are unlikely in 2025 “because there is a bigger barrier from those institutional flows into the sector.”
Nexus: $250,000
Elitsa Taskova, chief product officer at cryptocurrency lending platform Nexo, is more optimistic about Bitcoin's 2025 prospects than the general consensus.
“We see that bitcoin will more than double to $250,000 within a year,” Taskova told CNBC, adding that in the long term — as in the next decade — she sees the entire cryptocurrency market value exceeding that of gold.
“These forecasts are consistent with ongoing trends and social signals: increased recognition of Bitcoin as a reserve asset, more exchange-traded products (ETPs) tied to Bitcoin and cryptocurrencies, and stronger adoption,” said Nexo's head of products.
She added that supportive macroeconomic conditions, such as easing monetary policy from the world's major central banks, are likely to boost Bitcoin.
“The Fed’s balancing act — managing interest rates and inflation while avoiding recession — will be pivotal,” she said, warning that on the flip side, persistent inflation could also trigger a hawkish shift.
“As the US leads the deployment of cryptocurrency-related capital, price decisions and inflation dynamics are likely to remain a major influence on the price of Bitcoin in 2025.”
