eToro CEO Predicts Bitcoin to Hit $100,000 by 2025: Bullish Outlook Ahead
The CEO of the investment platform eToro, Yoni Assia, believes that Bitcoin (BTC) is still poised to surpass the $100,000 mark despite its recent decline in value.
In a recent interview with crypto trader Scott Melker, Assia expressed the view that BTC is likely to regain bullish momentum toward the end of the year.
Assia also pointed out that Bitcoin has historically seen significant price surges about a year after each halving event. He expects this pattern to continue, saying,
“In theory, the bull run should be in 2025, much like in 2021, 2017, and 2013.
There’s a very famous saying, ‘History does not repeat itself, but it sure does rhyme.’ So, I would be surprised if we don’t see a rally in 2025. I’d be surprised if we don’t see Bitcoin above at least $100,000 by the end of 2025.”
READ MORE: China’s Renminbi Reversal Sparks Economic Hope
The next Bitcoin halving event, which halves BTC miners’ rewards, is scheduled for April 2024.
Currently, Bitcoin is trading at $25,145, reflecting a decrease of over 2% in the last 24 hours.
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.
