"Currently at double the level, expected to reach $200,000"
The leading virtual asset, Bitcoin, recorded a rise of over 100% in 2024, and many forecasts suggest that the upward trend will continue into 2025. A significant number of industry platforms expect that with the inauguration of the Trump administration for its second term in 2025, pro-virtual asset policies will drive Bitcoin to reach $200,000, double its current level.
On the 1st, foreign media including the US economic outlet CNBC reported that the UK Standard Chartered Bank predicted Bitcoin would reach $200,000 by the end of 2025. It is expected that institutional inflows into Bitcoin will continue at a pace exceeding that of 2024.
Jeff Kendrick, head of digital asset research at the bank, stated that institutions purchased 683,000 Bitcoins throughout 2024 via 'big players' like MicroStrategy and Bitcoin spot exchange-traded funds (ETFs), and he predicted, "Institutional inflows in 2025 will exceed that amount."
This outlook was also influenced by the fact that former US President Donald Trump, who has pledged to abolish many virtual asset regulations and actively support them, is set to be inaugurated on the 20th after winning the presidential election. During his campaign, Trump announced plans to dismiss Gary Gensler, chairman of the Securities and Exchange Commission (SEC), who has been negative toward Bitcoin, and following Trump's victory, Gensler expressed his intention to resign.
Trump also hinted at the possibility of the US stockpiling Bitcoin as a strategic asset, similar to the Strategic Petroleum Reserve (SPR). He proposed purchasing Bitcoin with seized criminal proceeds to stockpile it.
Professor Carol Alexander, a finance professor at the University of Sussex, said, "2025 is more optimistic than ever," and predicted that Bitcoin would trade around $150,000 by summer.
Yu Wei Yang, chief economist at digital asset mining company Bit Mining, forecasted a price range of $180,000 to $190,000, while Alex Sohn, head of research at virtual asset specialist asset management firm Galaxy Digital, expected Bitcoin to surpass $150,000 in the first half of the year and reach $185,000 by the fourth quarter.
On the other hand, some raised the possibility of a decline in Bitcoin prices. James Butterfill, head of research at virtual asset specialist asset management firm CoinShares, predicted that Bitcoin would trade between $80,000 and $150,000 in 2025. He noted that Bitcoin is likely to hit both $80,000 and $150,000, and especially warned that if the pro-virtual asset policies promised by President-elect Trump are not realized, the price could fall to $80,000.
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