Bitcoin is setting its sights on new highs in the second half of 2025, fueled by increasing interest from major firms and expected legislative support.
First Half of 2025: Price Dynamics
Bitcoin's price climbed 30% in Q2, despite many traders labeling it as a consolidation phase. While monthly returns faded, the cryptocurrency achieved a 15% gain in H1, considerably lower than the 45% jump during the same period last year. Nevertheless, the coin's stability above $100,000 since May 9 keeps bulls optimistic.
Role of Financial Firms
A group of firms known as 'Bitcoin treasury companies' is actively acquiring Bitcoin as a main asset. Some, including Nakamoto, are merging with other public companies to raise capital for buying Bitcoin. According to Steven Lubka, VP of investor relations at Nakamoto, significant capital has yet to enter the market as they await SEC approval.
Political Factors Impacting the Market
Geoff Kendrick, global head of digital assets research at Standard Chartered, notes the political landscape could significantly influence Bitcoin's growth in Q3. He points to potential legislative changes that could spur increased retail demand, although some experts predict price volatility in the fall due to cyclical factors.
Given the current dynamics and anticipated changes in legislation and investments, Bitcoin could reach new historical records, despite potential short-term price fluctuations.
