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The Daily Hodl 2025-01-01 20:55:44

Not ‘Unreasonable’ To See Bitcoin Hit $250,000, Says CoinShares Head of Research – Here’s Why

Not ‘Unreasonable’ To See Bitcoin Hit $250,000, Says CoinShares Head of Research – Here’s Why

A top executive from digital asset manager CoinShares is making a big price prediction for Bitcoin ( BTC ). In a new CNBC interview, CoinShares head of research James Butterfill says Bitcoin may ultimately hit $250,000, a more than 166% increase from its current value. At $250,000 per Bitcoin, the flagship crypto asset’s total market cap would be about 25% of gold’s market share, up from the approximate current 10% – something Butterfill says is not “unreasonable” to happen. However, Butterfill says that he does not expect Bitcoin to hit $250,000 this year. Says Butterfill, “Timing of this is very difficult though and I don’t expect this to occur in 2025, but it will head in that direction.” Instead, Butterfill is predicting Bitcoin could correct to $80,000 in 2025 and peak at $150,000. Butterfill warns that Bitcoin may suffer from a steep correction if pro-crypto US President-elect Donald Trump doesn’t enact favorable Bitcoin policies, as many expect he will soon after taking office later this month. “Disappointment surrounding Trump’s proposed crypto policies and doubts about their enactment could prompt a significant market correction.” Butterfill believes the reason Bitcoin may increase more than 60% of its current value this year is due to a favorable US regulatory environment. Bitcoin is trading for $93,742 at time of writing, down 1.2% in the last 24 hours. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Not ‘Unreasonable’ To See Bitcoin Hit $250,000, Says CoinShares Head of Research – Here’s Why appeared first on The Daily Hodl .

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