Originally published on: December 18, 2024
Bitcoin enthusiasts are in for a treat as Bitfinex analysts foresee a bullish trend for the popular cryptocurrency. According to a recent market report, Bitcoin price dips in 2025 are expected to be short-lived, with the potential for the price to double by June of that year.
The analysts at Bitfinex have set a minimum price estimate of $145,000 for Bitcoin by mid-2025, with the possibility of reaching $200,000 under favorable conditions. They attribute this positive outlook to the increasing institutional demand for Bitcoin, which is expected to cushion any market corrections.
Institutional inflows are seen as a key driver for Bitcoin’s price growth, with ongoing investments pouring into spot Bitcoin exchange-traded funds (ETFs) in the United States. Data from Farside Investors shows that over $36 billion has already flowed into these ETFs since their launch in January.
With Bitcoin trading at $105,360 at the time of publication, industry experts like Castle Island Ventures’ partner Nic Carter believe that the cryptocurrency has the potential to grow significantly in the long term. Carter suggests that Bitcoin could eventually match the market cap of gold, reaching a value of $900,000.
Bitfinex analysts compare Bitcoin’s current cycle to previous patterns, suggesting that if history repeats itself, the cryptocurrency could potentially hit $339,000 by following a similar trajectory to the 2021 cycle. In a less likely scenario, Bitcoin could peak around $290,000 by early 2026 if it mirrors the extended 2017 cycle.
The crypto industry is abuzz with speculation about the potential impact of the incoming Trump administration, particularly regarding the creation of a strategic Bitcoin reserve in the United States. This development could signal a shift in the market narrative and disrupt traditional price cycles.
As always, it’s essential to conduct your own research and exercise caution when making investment decisions. Bitcoin’s volatile nature makes it a high-risk asset, and market conditions can change rapidly. Stay informed and subscribe to newsletters like Markets Outlook for critical insights on investment opportunities and trading strategies.