Renowned analyst Michaël van de Poppe predicts a new high for Bitcoin in 2025. Let's examine the basis of this forecast and its likelihood.
Bitcoin's Strong Performance in 2024
The year 2024 was significant for Bitcoin with the approval of an ETF bringing over $30 billion into the market. Bitcoin's recognition as an asset class increased with interest from countries like Brazil and companies like Amazon. By March, Bitcoin had surged to $70,000 and soon reached a new peak of $108,000.
Expectations for Bitcoin in 2025
Van de Poppe predicts Bitcoin could reach $200,000 to $300,000 in 2025, driven by historical trends during bull markets and an improving global economic landscape. A key factor will be the growth of the global money supply, expected to increase by 18%.
Possible Corrections Before the Surge
Despite the positive outlook for 2025, early parts of the year may not be smooth. Corrections in the range of 25-30% are possible, as seen in the first quarter of 2024. Bitcoin might enter a stagnant phase similar to 2023. Currently, Bitcoin is trading at around $96,000, reflecting a 1% drop in the last 24 hours.
Bitcoin in 2025 could experience significant growth alongside short-term corrections. Analysts continue to watch the developments, assessing the cryptocurrency's increasing recognition and market impact.