- Bitcoin hit a new all-time high of $109,565 on Wednesday.
- Major analysts and executives predict the cryptocurrency could reach between $150,000 and $1 million in the coming years.
- Institutional investment and shifts in investor attitudes are driving the surge.
- Geopolitical events and U.S. trade policy are influencing market sentiment.
- Predictions vary, with some experts projecting Bitcoin could eventually reach multiple millions of dollars per coin.
Bitcoin reached a record price of $109,565 on Wednesday, according to price data from CoinGecko. The latest milestone follows a significant rebound from a low below $75,000 in April.
Rising demand from investors and reduced trade tensions by President Trump have contributed to Bitcoin’s recent climb. Well-known figures in the cryptocurrency sector expect the price to go much higher, some suggesting it will reach as much as $1 million in the current market cycle.
Adam Back, CEO of Blockstream, stated in an interview with Decrypt that he expects Bitcoin to reach between $500,000 and $1 million this cycle. “If you get a new all-time high, it could quickly become a lot higher,” Back remarked, noting increased institutional investment in the digital asset this year.
Standard Chartered projects that Bitcoin could top $200,000 by the end of 2025, according to its Global Head of Digital Assets Research Geoffrey Kendrick. Kendrick cited a likely shift from U.S. assets to non-sovereign assets such as Bitcoin as a main factor, saying, “We expect a strategic asset reallocation away from U.S. assets to trigger the next sharp upswing in Bitcoin in the coming months.” Bernstein, another leading investment firm, echoed this sentiment, forecasting that companies could buy up $330 billion in Bitcoin over the next five years and setting a target of $200,000 per coin by the end of 2025.
Arthur Hayes, former Bitmex CEO, predicts Bitcoin will reach $150,000 this year. He emphasized that global investors may seek to move capital out of U.S. assets, calling Bitcoin the “perfect and only lifeboat for global capital that must leave America and elsewhere.” Tim Draper, a well-known venture investor, went further, stating companies not holding Bitcoin are being “irresponsible,” and predicted the price could hit $250,000 by the end of 2025 due to a strong pull toward the asset.
BlackRock CEO Larry Fink estimated a possible future price of $700,000 for Bitcoin, highlighting the impact of institutional buyers such as sovereign wealth funds taking even modest positions in the asset. Brian Armstrong, CEO of Coinbase, projected that Bitcoin’s price could ultimately reach “multiple millions” as adoption by nation-states and institutions grows. He noted, however, that Bitcoin still has a long way to go before reaching those levels.
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