Bitcoin Price Prediction: $180K Target by End of 2025 – Industry Expert
Bitcoin enthusiasts have some exciting predictions to look forward to in the next few years. According to Georgii Verbitskii, founder of the TYMIO decentralized finance platform, Bitcoin’s price could soar to $180,000 by the end of 2025. Verbitskii also anticipates a price range of $100K to $120K by the end of 2024 or early 2025, just before President-elect Trump’s term begins.
Verbitskii suggests that as more traders enter the market, Bitcoin’s price could double during this bullish phase. He advises traders to practice caution by diversifying their positions, setting limit orders, and using options to navigate through potential market downturns.
The decreasing block subsidy from the April 2024 halving, future halving events, and lost keys are expected to trigger a Bitcoin supply shock, leading to higher volatility. As Bitcoin becomes scarcer with fewer coins mined each year and some lost due to forgotten passwords or misplaced wallets, the potential for a supply crisis looms. This imbalance between supply and demand could accelerate the price of Bitcoin, pushing volatility levels even higher.
The decline in Bitcoin exchange reserves, which track the total number of Bitcoin available on exchanges, along with increased demand post the recent US Presidential election and other macroeconomic factors, have only added fuel to the fire. Jesse Myers, co-founder of Onramp Bitcoin, also points to the decreased block subsidy as a driving force behind the potential Bitcoin supply shock.
In conclusion, with all these factors at play, Bitcoin enthusiasts have a lot to look forward to in the coming years. Keep an eye on how the market unfolds to see if these predictions ring true!
