Bitcoin

Prediction: Bitcoin will skyrocket in 2025

Published

7 months ago

29 June, 2024

Prediction: Bitcoin will skyrocket in 2025

Even with the recent volatility, Bitcoin’s immediate and long-term future looks attractive.

It may not seem like it, but Bitcoin (BTC 1.08%) is on track to hit a new all-time high by 2025. Even with the recent dip and its inability to gain any substantial momentum, the cryptocurrency is following a similar pattern as in previous years when it reached new highs.

As for where it will go between now and then, only time will tell, but with a little bit of number crunching, it’s clear that 2025 is shaping up to be a big year for the world’s original cryptocurrency.

Image source: Getty Images.

Patterns are becoming clear

Bitcoin has demonstrated clear and notable price patterns throughout its history, occurring over the course of four years. Typically, what we see is a bear market like the one in 2022, a notable recovery the following year, continued progress in the third year when the halving occurs and then a cyclical peak occurs in the year following the halving.

We are currently in the third year of the halving. And Bitcoin seems to be following the traditional four-year pattern this time around, just as it has in the past few cycles. This means we can use some of its historical performance to get an idea of what 2025 will hold.

Looking to 2025

Past performance, of course, is no guarantee of future results. But a little speculation can be healthy and help us assess the long-term global potential. That said, let’s go back to the four-year model.

In the years when the halving occurs, Bitcoin increases by around 125% on average. If this is true this year, then it means we can expect to see Bitcoin reach almost $100,000 by the end of 2024. This price was derived by calculating a 125% increase over the price of Bitcoin at the beginning of the year, which was $44,000.

So, fast forward to late 2024 and early 2025. On average, in the year after the halving, Bitcoin returns an impressive 400%. The most obvious reason for such a monumental performance during these years is that the market starts to adjust to the halving, meaning that in these years the supply shock finally materializes. If this happens again and Bitcoin ends 2024 in line with the historical average, that would put its price at around $500,000 by 2025.

Final considerations to keep in mind

Before closing, it is worth mentioning that, as fanciful as this number may seem, Bitcoin generally exceeds expectations in bull markets. He gained fame by doing this. So while $500,000 may seem strange, stranger things have happened. For example, crypto jumped 850% in 2011.

But to be completely honest, whether or not Bitcoin reaches that price in 2025 shouldn’t really matter to investors. What’s crucial is understanding the long-term dynamics that make it a unique investment. The price is driven by its supply and demand dynamics, which are changing favorably over the years.

For example, its supply is limited to 21 million coins (19.7 million are now in circulation), and this scarcity is one of its defining characteristics. And demand is increasing. Institutional interest has increased in recent years, and the introduction of Bitcoin spot exchange-traded funds will further democratize access. Retail interest also remains strong, with an increasing number of individuals viewing it as a store of value.

Then there is the decentralized nature of Bitcoin and its growing role in a world where trust in traditional financial systems is wavering. Digital currency offers an alternative that is not subject to government control or monetary policy, a growing luxury as fiat currencies continue to inflate.

Investors would do well to focus on these dynamics rather than fixating on precise price targets. Bitcoin’s potential to redefine finance and serve as a robust store of value remains strong, making it an attractive investment, especially as it undergoes a pronounced sell-off.

RJ Fulton has positions in Bitcoin. The Motley Fool has positions and recommends Bitcoin. The motley fool has a disclosure policy.

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Bitcoin

‘This is huge’ — Billionaire Mark Cuban issues ‘incredible’ Bitcoin and crypto prediction amid price slump

Published

6 months ago

1 August, 2024

BlockChainGuardian Staff

'This is huge' — Billionaire Mark Cuban issues 'incredible' Bitcoin and crypto prediction amid price slump

Bitcoin
Bitcoin
came back with a vengeance this year when former President Donald Trump Cryptocurrency boosts US presidential election in November with ‘revolutionary’ plan.

Subscribe now to Forbes CryptoAsset and Blockchain Consultant and “discover blockchain blockbusters poised to generate 1,000%+ gains” after the bitcoin halving earthquake!

The price of bitcoin has surged to more than its all-time high in recent months, surpassing $70,000 per bitcoin and triggering a wave of mega-optimistic predictions about the price of bitcointhough it fell again this week, falling below $65,000 after the Federal Reserve kept interest rates steady.

Now, as Elon Musk suddenly breaks his silence on bitcoin and cryptocurrenciesBillionaire investor Mark Cuban called a California plan to digitize 42 million car titles using blockchain an “incredible step forward” and “huge” for cryptocurrencies.

Sign up for free CryptoCodex now—A daily five-minute newsletter for traders, investors, and crypto curious people that will keep you up to date and ahead of the bitcoin and crypto bull market

ForbesElon Musk Suddenly Breaks His Silence On Bitcoin After Issuing Shocking Warning Of US Dollar “Doom” That Could Trigger Cryptocurrency Price BoomBy Billy Bambrough

Mark Cuban, famous Shark Tank investor and billionaire owner of the NBA team Dallas Mavericks, has… [+] called a cryptocurrency update “amazing” amid bitcoin’s price slump.

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The California Department of Motor Vehicles (DMV) has digitized 42 million car titles using blockchain, it was reported by Reuters, through technology company Oxhead Alpha on the Avalanche blockchain and designed to detect fraud and facilitate the securities transfer process.

“This is an incredible development for crypto,” Cuban, best known as an investor on TV’s Shark Tank and owner of the Dallas Mavericks NBA team, posted on X, joking that U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler could sue the state as part of his hostility toward cryptocurrencies and blockchain technology.

“The reason this is huge for crypto is because people who hold the tokens will have an app with an Avalanche wallet,” Cuban said. “Tens of millions of Californians having and using a crypto wallet in the next five years, or however long it takes, normalizes the use of wallets and crypto.”

John Wu, president of Avalanche developer Ava Labs, told Reuters that California’s DMV is “creating a wallet that you can download on your phone.”

Sign up for CryptoCodex now—A free daily newsletter for the crypto-curious

ForbesCryptocurrencies Are Suddenly Bracing For A ‘Very Major’ U-Turn In China After Wild Price Swings For Bitcoin, Ethereum, XRPBy Billy Bambrough

Bitcoin’s price has rallied this year, triggering a wave of bullish bitcoin price predictions from… [+] people like billionaire Mark Cuban.

Forbes Digital Assets

Last month, Cuban predicted that if the US dollar falls as the global reserve currency, bitcoin could become “a global ‘safe haven’” and a “global currency.” potentially sending the price of bitcoin to a much higher level.

According to Cuban, bitcoin could become what its most ardent supporters “envision” — a means “of protecting our economies… This is already happening in countries facing hyperinflation.”

The price of bitcoin has skyrocketed over the past year, largely due to the world’s largest asset manager, BlackRock, leading a bitcoin attack on Wall Street.

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Bitcoin

MicroStrategy’s Cash Flow Amid Bitcoin Rally Raises Some Eyebrows

Published

6 months ago

1 August, 2024

BlockChainGuardian Staff

MicroStrategy’s Cash Flow Amid Bitcoin Rally Raises Some Eyebrows

Analysts are starting to pay more attention than usual to Bitcoin-proxy’s underlying enterprise software business MicroStrategy Inc.

How to better invest cash generated from operations is what originally prompted co-founder and CEO Michael Saylor to turn to Bitcoin four years ago. Since then, the Tysons Corner, Va.-based company has adopted a two-pronged strategy of investing in the cryptocurrency instead of traditional assets like short-term Treasuries and ramping up its software operations.

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Bitcoin

Large Bitcoin (BTC) Holders Added $5.4 Billion Worth of BTC in July, Data Shows

Published

6 months ago

1 August, 2024

BlockChainGuardian Staff

Large Bitcoin (BTC) Holders Added $5.4 Billion Worth of BTC in July, Data Shows

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CoinDesk is a awarded media outlet that covers the cryptocurrency industry. Its journalists follow a strict set of editorial policies. In November 2023, CoinDesk has been acquired by the Bullish group, owner of Optimistica regulated digital asset exchange. The Bullish Group is majority owned by Block.one; both companies have interests CoinDesk has a portfolio of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial board to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

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Bitcoin

Bitcoin (BTC) Hits Six-Week High After Trump’s Pro-Crypto Speech

Published

6 months ago

1 August, 2024

BlockChainGuardian Staff

Bitcoin (BTC) Hits Six-Week High After Trump’s Pro-Crypto Speech

Bitcoin has retreated from a six-week high as investors shift their focus to speculation the U.S. may sell seized tokens just days after Donald Trump vowed to create a government stockpile of the cryptocurrency if he is elected president again.

The US transferred $2 billion worth of Bitcoin to a new digital wallet address on Monday, blockchain research firm Arkham said in a publish on social media platform X. Market analysis firms have speculated that the tokens are from the Silk Road marketplace, where customers used virtual currencies to buy illegal drugs and hacking tools before it was shut down.

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