Loosening regulations, macro environment and investment demand will support BTC to have greater growth potential this year
In recent weeks, the price of Bitcoin has fallen, significantly retreating from its historical high of over $108,000 reached in mid-December. It fell nearly 3% that month but still saw an annual increase of about 120% in 2024. The astonishing rise in Bitcoin this year can be attributed to three bullish factors - optimistic sentiment about regulatory easing, improved macro environment and soaring investment demand. Analysts predict that this cryptocurrency may have greater upside potential in 2025. Tom Lee, founder of Fundstart Global Advisors, expects Bitcoin to reach $250,000 by 2025. Standard Chartered Bank's forecast is $200,000.
In the past two bull market cycles since 2017, Bitcoin has hit new highs every four years. Each bull market cycle sees increases between 2300% and 1700%, followed by a drop of between 70% and 80%. Since reaching a low point of $16,000 two years ago, Bitcoin has soared approximately by around 600%, indicating its huge potential for further growth over the next two years.(BusinessInsider)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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