There's a potential Bitcoin boom on the way in 2025, with cryptocurrency experts pointing toward new historic highs for the digital currency. While President Donald Trump was once dismissive of Bitcoin, he threw himself behind the digital asset community when he bought a burger using it in September 2024.
In the aftermath of his return to the White House, the whole crypto industry has largely continued to soar, with Bitcoin being a big winner. President Trump and his wife Melania have even released their own meme coins, with the POTUS being nonchalant about the fact it's added billions to his fortune.
Despite some thinking Bitcoin will hit a supposed 'red line' in 2025, and that its best years could be behind us, others are rallying behind its upward trajectory.
As reported by Bitcoin.com, experts are optimistic about what the rest of 2025 has in store. Hunter Horsley, CEO of Bitwise Asset Management, took to social media on February 16 and wrote: "People are wildly underestimating the massive leaps bitcoin is going to take into the mainstream this year. Never been more optimistic."
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It comes amid suggestions that Bitcoin will be adopted by the mainstream thanks to institutional investors, regulatory clarity, and it being more accessible. All of this comes alongside Donald Trump's "Strengthening American Leadership In Digital Financial Technology" executive order.
Bitwise Chief Investment Officer Matt Hougan says the crypto market is an underrated opportunity for investors, adding: "Institutional sentiment towards crypto is the most bullish I’ve ever seen."
As for it being a risk-adjusted perspective, he said, "It is arguably the best time in history to invest in crypto."
Bitcoin.com points to a 'bullish' price forecast from Ark Investment Management. Although there are three potential scenarios, Ark Invest highlights a conservative Bitcoin price of $300,000 by 2030. There's also the base case of $710,000 and an optimistic valuation of $1.5 million per coin.
This somewhat lines up with the musings of Geoff Kendrick, head of crypto research at Standard Chartered Bank. Kendrick estimated that Bitcoin could hit $500,000 by the time Trump leaves office in 2029.
Still, we're being bombarded from all sides by conflicting reports. Nobel Laurette Eugene Fama claimed Bitcoin will soon be 'worthless', as the 'Father of Modern Finance' warned that cryptocurrency doesn't have real value and won't be able to find a place in normalized banking systems.
Even though there's been a recent Bitcoin slump over the past month, a look at its trajectory over the past six months still puts it up by 65.24% at the time of writing. While Bitcoin's current $75,853.80 on February 18 might be a way off its all-time high of $108,077 on December 17, 2024, it's easy to imagine it climbing back up there before too long.