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coinpedia 2024-12-23 12:51:28

Bitcoin Predictions for 2025: Can Bitcoin Reach $250,000?

Bitcoin Predictions for 2025: Can Bitcoin Reach $250,000?

The post Bitcoin Predictions for 2025: Can Bitcoin Reach $250,000? appeared first on Coinpedia Fintech News As we approach 2025, the big question is arising where will Bitcoin headed next year? Renowned crypto analyst Michaël van de Poppe believes that the next big rally for Bitcoin could send its price soaring to $250,000 in 2025. But what’s behind this bold prediction, and how likely is it to happen? Bitcoin’s Strong Performance in 2024 2024 has been an exciting year for Bitcoin. The year kicked off with the optimum of the approval of Bitcoin ETF, attracting over $30 billion in inflows into the market. Bitcoin’s growing legitimacy as an asset class gained more traction as countries like Brazil and even large corporations, including Amazon, began considering Bitcoin for their balance sheets. This has turned Bitcoin into a more mainstream asset, helping it reach impressive highs. By March 2024, Bitcoin surged to $70,000, and after some fluctuations, it hit a new peak of $108,000. Expectations for Bitcoin in 2025 Looking ahead Van de Poppe predicts that 2025 could be a huge year for Bitcoin, potentially reaching $200,000 to $300,000. He points to Bitcoin’s historical price trends, where it rises sharply during bull markets and falls in bear markets. As Bitcoin approaches $100,000, more investors will join the market, hoping to profit. A key factor driving Bitcoin’s price is the global money supply. As the money supply continues to grow , van de Poppe expects Bitcoin’s price to follow suit, with predictions of reaching $132,000 or even higher in 2025, which could make Bitcoin an attractive hedge. Meanwhile, the overall global economic landscape will play a crucial role. If the U.S. dollar weakens or if interest rates are reduced, Bitcoin could experience a substantial rally. As we saw in previous cycles, an increase in global liquidity can push Bitcoin prices to new heights. The money supply is expected to grow by around 18% in 2025, which could spark a bull market for Bitcoin. Possible Corrections Before the Surge Despite the bullish outlook for 2025, van de Poppe also cautions that the road ahead may not be entirely smooth. In the first quarter of 2025, there could be a 25-30% correction, as we saw in 2024. After that, Bitcoin may experience a period of sideways movement, similar to what happened in 2023. As of now, Bitcoin is trading around $96K reflecting a drop of 1% seen in the last 24 hours

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