TechFlow news, according to CNBC, James Butterfill, head of research at crypto-focused asset management firm CoinShares, told CNBC he expects Bitcoin's price to reach between $80,000 and $150,000 in 2025.
Butterfill said it would not be "unreasonable" to expect Bitcoin’s market value to rise from around 10% currently to about 25% of gold's market share over the long term, which would equate to a price of $250,000.
However, he doesn't believe this will happen next year. "While timing is difficult to call, I don't expect it to happen in 2025, but we are moving in that direction," he said, adding that Bitcoin could "likely" reach between $80,000 and $150,000 within this year.
If Butterfill's $80,000 forecast materializes, it may result from unmet expectations surrounding Trump's pro-crypto policies. "Disappointment with Trump's proposed crypto policies and skepticism over their implementation could trigger a significant market correction," Butterfill said. He expects a favorable regulatory environment in the U.S. next year to become the main driver supporting Bitcoin’s price.
In 2023, CoinShares predicted that Bitcoin would reach $80,000 in 2024.
