Bitcoin’s $200,000 prediction and why it matters to you?
Could 2025 be the year Bitcoin reaches $200,000, new crypto companies list on Wall Street, and tokenized assets become widely accepted? Let’s explore this.
The cryptocurrency market in 2024 has seen significant changes, with important events shaping the year.
In this context, Bitwise has made some strong predictions for 2025, highlighting future trends in the market.
Let’s look closer at each prediction and examine the market situations to see how likely these forecasts are and what they could mean for the industry's future.
Bitcoin's growth driven by ETFs and adoption The first prediction suggests that Bitcoin will exceed $200,000 by 2025. To understand this, Bitcoin is currently trading around $100,500 as of December 12, slightly down from its peak of $103,900 reached just a week earlier on December 5.
This decrease, a 3.5% drop, follows a larger market correction after a strong upward trend earlier in the year.
Bitcoin broke its previous high of $73,000 in March, creating a wave of excitement that peaked in November when Donald Trump was elected as the 47th President of the U.S.
His administration’s friendly approach to cryptocurrency has given the market new confidence. Although the recent decline may have slowed some excitement, the overall positive outlook remains.
Supporting this optimism is the rapid increase in Bitcoin ETFs, which Bitwise expects to gather even more investment in 2025 compared to 2024.
Since the introduction of spot Bitcoin ETFs earlier this year, total assets in these ETFs have reached an impressive $113 billion as of December 12, according to CoinGlass.
BlackRock’s iShares Bitcoin Trust (IBIT) is leading the way, receiving most of the investments. In the last week, a record $3.85 billion flowed into digital asset funds, with BlackRock contributing $2.6 billion of that amount.
Bitwise’s third prediction is closely linked to the first two, suggesting that the number of countries owning Bitcoin will double by 2025. The concept of nations acquiring Bitcoin isn’t new, but it is gaining support as governments see its value as a reserve asset.
Currently, eight countries own Bitcoin, with the U.S. at the top, holding over 207,000 BTC worth more than $20.6 billion. China is next, with 194,000 BTC valued at $19.3 billion.
Other notable countries include the United Kingdom, Ukraine, Bhutan, and El Salvador, with holdings varying from a few thousand to tens of thousands of BTC. Together, these countries control 529,558 BTC, which is around 2.52% of Bitcoin’s total supply of 21 million coins.