Bitcoin 2025: The Quest for New All-Time Highs
A prominent crypto analyst has shared his 2025 Bitcoin (BTC) price projections without borrowing anyone else's work.
In a recent YouTube presentation, the anonymous creator of InvestAnswers discussed the factors influencing his Bitcoin price prediction. These factors encompass on-chain supply dynamics, the fate of spot BTC exchange-traded funds (ETFs) in the United States, and the overall adoption of the leading cryptocurrency.
Additionally, the presenter highlighted the remarkable growth in Bitcoin’s long-term holder supply, emphasizing the lack of selling pressure in the market.
He posits that, by 2025, Bitcoin could potentially reach $89,000, though he cautions that his optimistic ceiling for BTC is capped at $142,000.
The InvestAnswers host, while optimistic, acknowledges that his forecasts may be revised downward if the U.S. Securities and Exchange Commission (SEC) declines to authorize a spot Bitcoin ETF. Conversely, he suggests that the market might experience heightened enthusiasm if the SEC approves such an ETF.
READ MORE: Is Bitcoin Leaving Traders Behind on Its Upward Journey?
It is noteworthy that the SEC has recently postponed its verdict on a series of spot BTC ETF applications, with decisions expected to be reached by early 2024.
At the time of writing, BTC is trading at $27,528. While it has experienced a 1.2% decrease in the past 24 hours, it still demonstrates an impressive 66% gain since the start of 2023. However, despite these recent gains, Bitcoin remains more than 60% below its all-time high of $69,000, achieved in November 2021.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
