The rise of Bitcoin over 100 thousand dollars – the currency hit a peak of 103,000 – represents a milestone for the world’s best-known cryptocurrency, which has been grinding this year great goalsin the wake of a series of events such as launch of ETFsthe appeal as safe haven asset compared to the crescendo of geopolitical tensions and, ultimately, the election of Donald Trump in the White House for a second term. But what do we expect for 2025? Will Bitcoin reach new heights or is it destined for a correction?
Current prices
After touching a yesterday peak of 103,900 dollars, Bitcoin has retreated from the highs, placing this morning at $98,294, down 4% compared to yesterday’s closing and 5.8% compared to the highs of the day before.
Year to date, the cryptocurrency has more than doubled its valueattesting to his performance at +131% while compared to a year ago it shows a gain of 125%. The performance of thelast monthwhich coincides with Trump’s victory in the 2024 Presidential elections, equal to +29%.
There capitalization market has reached $1.94 trillionwhile trade is constantly increasing to 123.35 billion dollars.
Bernstein’s expectations
According to analysts at BernsteinBitcoin will not stop at this milestone and is destined to reach the cyclical high of $200,000 by the end of 2025fueled by regulatory transparency and growing adoption by institutional investors.
The recent one nomination of Paul Atkinswell-known supporter of cryptocurrencies and co-president of Token Allianzìce, which president of the SECthe American financial markets regulator, reports a regulatory change in favor of cryptocurrencies. Bernstein emphasizes that Atkins’ mandate will help consolidate the use of blockchain in the United States and promote broader acceptance of digital assets.
With ten managers global assets that they now manage $100 billion in Bitcoin ETFsincluding BlackRock’s $50 billion IBIT fund, it is clear that the adoption of Bitcoin by institutionsthere it is growing exponentially. Cryptocurrency has also come by taking on a role as a store of value and safe havenas an alternative to gold. A role that according to experts will be maintained, until it replaces gold in portfolio diversification.
Despite cyclical fluctuations, Bernstein expresses confidence in Bitcoin’s growth trajectory and believes that $100,000 is not the final goal, but the cyclical maximum of $200,000 at the end of 2025.
