Bitcoin’s price is expected to reach as high as $150,000 by the end of 2025, driven by institutional adoption and the anticipated support of U.S. president-elect Donald Trump, according to experts in the forex industry.
The cryptocurrency’s recent performance, including its rise above $100,000 before slipping below this key psychological threshold, has fueled a wave of predictions and speculation about its future trajectory.
Konstantinos Chrysikos, director of customer relations at Kudo Trade, is optimistic about Bitcoin’s prospects. He believes Bitcoin will experience consolidation between $110,000 and $120,000 before surging toward $150,000 by 2025.
“I think Bitcoin will consolidate around $110,000 and $120,000 before eventually touching $150,000 by the end of 2025. This is a very conservative scenario,” Chrysikos said.
He emphasized the unpredictability of cryptocurrency markets, noting that Bitcoin has defied expectations in the past.
Cryptocurrency’s growing adoption as a hedge against inflation and financial risks, akin to the role of gold in traditional markets, is a driving force behind this bullish outlook.
Farah Mourad, senior market analyst at Equiti Group, also credits Trump’s potential influence on the market.
She believes Trump’s stance on cryptocurrencies, coupled with international transactions involving cryptocurrencies between China and other nations, is propelling the digital currency forward.
However, Mourad remains cautious about Bitcoin’s ability to maintain momentum without substantial support.
She stated, “Though a correction in Bitcoin is not expected, if a correction happens, I believe that old highs around $72,000-$75,000 might be the support level. But if this momentum continues, cryptocurrency can benefit from weaker dollars or gold and other aspects.”
Mourad highlighted the need for Bitcoin to close above $100,000 for several months to confirm its upward trajectory, stating that continued testing of this level could indicate instability.
Wael Makarem, senior market strategist at Exness, offered a more reserved perspective, warning that optimism should be tempered by the risks of market volatility.
He noted that Bitcoin’s rise has been partially driven by a decrease in active supply. Makarem sees $120,000 as a more achievable target, given the exponential nature of market movements when supply shrinks rapidly.
“We recently saw Bitcoin rising from $88,000 to $97,000 in a very short span of time,” he explained.
Makarem also pointed to the potential effects of Trump’s return to power, suggesting that his policies could introduce greater volatility into the market.
“When Trump joins office, there may be harsh diplomatic moves, such as tensions with the EU and China, which could trigger risk-averse behavior,” he said.
Additionally, the strength of the U.S. dollar, influenced by Trump’s economic policies, is expected to play a significant role in the broader cryptocurrency market.
Makarem observed that the dollar is currently gaining strength due to the weakening of other currencies, particularly the euro and pound.
The outlook for the dollar will depend largely on Trump’s tariff policies and the Federal Reserve’s decisions regarding interest rates.
As Trump prepares to take office on January 20, 2025, the forex market remains focused on how his policies will affect the value of the U.S. dollar and the broader cryptocurrency landscape.
While some analysts are bullish on Bitcoin’s future, they caution that its stability above the $100,000 mark will be key to determining whether it can continue its ascent to $150,000 by 2025.