2024 was an impressive year for the crypto industry, marked by important events, including the approval of Bitcoin ETFs, strong political support for BTC and the crypto ecosystem in the US and abroad, Microstrategy becoming the first BTC-centric company added to the Nasdaq 100 Index and other various achievements in the sector.

While BTC broke its latest ATH above $108,000 this year on December 17, bold predictions for the digital asset’s price have been revealed by CNBC, which spoke with important names in the industry. Here are the top price projections for BTC in 2025.

Bitcoin Price Predictions for 2025

CoinShares – $150,000

CoinShares’ Head of Research, James Butterfill, told CNBC that he sees Bitcoin reaching $150,000 next year, highlighting that it’s possible that the digital asset could even reach 25% of gold’s market share, meaning about $250,000.

However, his highest price prediction is not expected to occur next year, but he did say that BTC is definitely heading in that direction.

CoinShares predicted in 2023 that this year, BTC would reach $80,000, CNBC notes.

Matrixport – $160,000

Matrixport crypto financial services firm sees BTC hitting $160,000 in 2025, as the digital asset is expected to hit the important 8% adoption threshold.

Head of Research at the company, Markus Thielen, told CNBC that this outlook is supported by the following factors:

• Continued demand for BTC ETFs
• Favorable macroeconomic trends
• Expanding global liquidity pool

BTC ETFs were approved in the US in January 2024 and managed to reach a cumulative net flow above $35 billion. The crypto products topped $20 billion much faster than gold, mirroring increased institutional adoption.

The highest inflow day in BTC ETFs was November 7, when the crypto products recorded $1.38 billion in inflows, according to SoSoValue data.

BlackRock’s BTC ETF, IBIT, which was called by Larry Fink “the fastest growing ever” had a cumulative net flow of over $37.2 billion as of December 30, being the most significant BTC ETF in the US. IBIT recorded only 10 days of outflows this year, so far, continuing to buy BTC regardless of the price volatility.

Last year, Matrixport predicted that BTC would hit $125,000 in 2024.

Galaxy Digital – $185,000

Galaxy Digital’s Head of Research, Alex Thorn, sees BTC reaching $150,000 in H1 of 2025 and up to $185,000 in Q4.

He believes that a blend of institutional, corporate, and nation-state adoption will boost BTC to impressive new ATHs, according to a research note shared with CNBC.

He highlighted that the digital asset has appreciated faster than other classes, especially the S&P 500 and gold, and this trend will continue in 2025 as well, with BTC reaching 20% of gold’s market cap.

Currently, gold has a market cap of $17.6 trillion, meaning that BTC could reach a market cap of more than $3.5 trillion, according to Thorn’s prediction. Now, BTC’s market cap stands at $1.85 trillion and it’s positioned on the 7th spot in the list of Top assets by market cap in the world.

Galaxy also predicted that 2025 will see BTC ETPs collectively cross $250 billion in AUM, and 5 new Nasdaq 100 companies to add BTC to their reserves.

This year marked an important event, as MicroStrategy became the first BTC-centric company to be added to the Nasadq 100 Index. The company has been buying BTC since 2020, and as of December 29, it holds 446,400 BTC on its balance sheet worth over $42 billion at current prices.

Also, Galaxy expects five nation-states to add BTC to their sovereign wealth funds. So far, Donald Trump, the newly elected President of the US has confirmed the upcoming creation of a BTC Reserve, while other countries have revealed similar plans as well.

El Salvador, the first country that accepted BTC as legal tender in 2021, now has a BTC Treasury that surpassed 6,000 BTC recently worth over $565 million at current prices.

According to new reports, the country’s President, Nayib Bukele, continues to have the highest approval rating out of all leaders.

Bit Mining – $190,000

Youwei Yang, chief economist at Bit Mining, predicted that BTC will reach between $180,000 and $190,000 in 2025. Factors that could support BTC’s price include the following:

• Lower interest rates
• Trump support
• Increased institutional adoption

In 2024, the US Fed decided to cut interest rates a few times, and BTC’s price was boosted by these decisions. 2025 is expected to see at least two more interest rate cuts, according to the latest FOMC meeting, a factor that would send BTC higher, according to historical data.

Yang also mentioned historical cycle patterns and the growing mainstream crypto adoption.

Speaking of crypto adoption, Binance, the most important crypto exchange in the world, also addressed the subject recently in a survey, highlighting that 45% of the interview people have joined the crypto ecosystem this year.

Standard Chartered – $200,000

Standard Chartered’s Geoffrey Kendrick expects to see BTC reach $200,000 by the end of 2025. The bank expects institutional flows to continue at least at the same pace as they did this year.

BTC inflows from institutions have already topped 683,000 BTC since the beginning of 2024, meaning $64.4 billion at current prices. Kendrick also said that BTC’s purchases by MicroStrategy should match or exceed its 2024 buying.

He also mentioned pension funds and in his opinion, these should start including more BTC into their portfolio via US ETFs in 2025, thanks to the anticipated reforms from the upcoming Trump administration to rules on TradFi firms making investments in crypto.

He noted that even a small allocation in US retirement funds would boost the price of BTC.

In May, we reported that the Wisconsin pension fund had invested almost $100 million in BlackRock’s IBIT. Also, back then, BlackRock anticipated that financial institutions such as wealth sovereign funds, pension funds, and others would start trading BTC ETFs.

Carol Alexander – $200,000

CNBC also mentioned Carol Alexander, a finance professor at the University of Sussex, who sees BTC reaching $200,000 in 2025. He said that BTC’s price would be boosted by US supportive regulation.

The upcoming Trump administration will bring supportive names for the crypto industry, which fueled the ecosystem with optimism.

In 2023, Alexander reportedly told CNBC that BTC would reach $100,000 this year.

Maple Finance – $200,000

Sid Powell, the CEO and co-founder of Maple Finance, a centralized finance platform, targeted a price between $180,000 and $200,000 for BTC in 2025.

He mentioned price triggers including ETFs, institutional adoption, and the creation of a BTC Reserve in the US.

Powell also said that while the crypto market will most likely continue to see price pullbacks, 70% to 80% drawdowns that BTC has seen in the past are unlikely to happen next year thanks to the institutional inflows that represent a buffer.

Nexo – $250,000

The Chief Product Officer of crypto lending platform Nexo, Elitsa Tasakova, is also bullish on BTC, seeing the digital asset reaching $250,000 next year.

In the long run, in the next 10 years, she sees the crypto market cap surpassing the one of gold.

Her projections are based on the following:

• Increasing recognition of BTC as a reserve asset
• More BTC and crypto ETPs
• Stronger adoption
• Supportive macroeconomic conditions

She also mentioned to CNBC that as the US is the leader in crypto-related capital deployment, rate decisions, and inflation dynamics will remain key influences on BTC’s price in 2025.

Overall, after a successful 2024 mirrored by BTC hitting the crucial psychological level of $100,000, the entire crypto industry is poised for an even more optimistic 2025.