Bitcoin topped $100,000 this 12 months. Will 2025 deliver cryptocurrency followers related success?
Buyers, specialists and trade executives surveyed by CNBC in a report revealed Tuesday (Dec. 31) say they count on the world’s hottest crypto to reach new record highs in the coming 12 months.
Some even mission that bitcoin will double in worth, corresponding to Carol Alexander, finance professor at the University of Sussex. In accordance with the report, she accurately predicted bitcoin would attain $100,000 in 2024, and now says its worth might double in the coming 12 months.
“I’m extra bullish than ever for 2025,” Alexander stated, telling the community that bitcoin “might simply attain $200,000 however there aren’t any indicators of volatility decreasing. By the summer season I count on that it will likely be buying and selling round $150,000 plus or minus $50,000.”
The professor — who famous that she herself doesn’t personal bitcoin — stated that pro-crypto regulation will drive up the worth of bitcoin, although an absence of regulation for crypto exchanges will hold the market unstable resulting from extremely leveraged trades pushing costs up and down.
Much more optimistic is Elitsa Taskova, chief product officer at crypto lending platform Nexo, who advised CNBC her firm sees bitcoin greater than doubling to $250,000 inside a 12 months. And in the long run, cryptocurrency’s market capitalization will exceed that of gold.
“These projections align with ongoing tendencies and social markers: growing recognition of Bitcoin as a reserve asset, extra Bitcoin and crypto-related exchange-traded merchandise (ETPs), and stronger adoption,” Taskova stated.
Most different specialists featured in the report projected bitcoin’s worth would stay under $200,000, however nonetheless had it simply surpassing the $108,000 document it achieved earlier this month. Some sounded notes of warning about the market, corresponding to Sid Powell, co-founder and chief government of centralized finance platform Maple Finance.
“I believe you’ll after all see corrections — crypto remains a cyclical industry,” Powell stated.
In different crypto information, PYMNTS not too long ago regarded again at the 12 months in stablecoins. This 12 months noticed the blockchain-based digital tokens gain traction as monetary providers corporations ventured into blockchain, whereas Trump’s victory suggests a pro-crypto administration in the U.S.
“Stablecoins have transitioned from speculative instruments to potentially foundational elements of worldwide finance,” that report stated.
“Whereas challenges stay, notably round the want for clear regulatory frameworks, the potential for stablecoins to drive better effectivity, inclusivity and transparency in monetary providers is appreciable. And as 2024 revealed, the near-term influence is targeted throughout three areas: cross-border payments, real-time treasury administration, and B2B transactions.”
