Top Bitcoin bulls have updated their price predictions for 2025, ranging from a relatively cautious $130,000 to a seven-figure astronomical price.
Notable skeptics like gold advocate Peter Schiff and economist Nouriel Roubini continue to predict a catastrophic end for the world's largest cryptocurrency. Meanwhile, Bitcoin has achieved record gains this year, driven by increased institutional adoption.
It reached a new all-time high of $111,970 on May 22 and has since been trading around that level, leaving investors excited about the possibility of breaking new heights.
Here are some of the boldest Bitcoin price predictions for the first half of 2025 (so far).
Blockstream CEO Adam Back stated in November that if the U.S. implements plans to establish a strategic Bitcoin reserve, Bitcoin could break $1 million within "this cycle." In March, the White House did take action, although Congress has yet to codify it into law.
The "Bitcoin Reserve Act" considers the world's first blockchain-based cryptocurrency as a digital gold-like reserve asset, using Bitcoin seized from criminal cases.
U.S. states have begun laying the groundwork. New Hampshire was the first to sign the Bitcoin Reserve Act into law on May 6. Later that month, Texas lawmakers advanced a bill to establish a strategic cryptocurrency reserve, gaining support from Governor Greg Abbott.
In an interview with Cointelegraph magazine, Back provided a price target of "hundreds of thousands" for 2025, reasoning that retail demand would recover when approximately $16 billion in FTX bankruptcy repayment funds re-enter the market. He added that he is confident many investors will re-enter the crypto market, fueling the next round of significant gains.
Several analysts have set Bitcoin's target price for 2025 at $200,000. Jeff Kendrick, Standard Chartered's global head of digital assets, has been one of the main advocates of this view.
Kendrick stated in an email notification obtained by Cointelegraph that, driven by stablecoins, Bitcoin is expected to reach $120,000 in the first half of 2025 and climb to $200,000 by the end of the year.
"The U.S. Senate… advanced the GENIUS Act with a vote of 66-32," Kendrick wrote in the email. "The core significance of the stablecoin bill is that stablecoins will further legitimize the entire asset class. All sectors will benefit from the rise."
In a recent episode of Cointelegraph's Chain Reaction X Spaces, other analysts also shared their outlook for 2025. André Dragosch, Bitwise's head of research in Europe, agreed with Kendrick's year-end target of $200,000. Markus Thielen added that Bitcoin has historically moved in increments of $16,000, which places its next key resistance level around $122,000.
SkyBridge Capital founder and former White House communications director Anthony Scaramucci recently set his year-end target at $200,000 as well.
Former Goldman Sachs partner and Galaxy Digital founder Mike Novogratz remains one of the most prominent Bitcoin bulls in finance.
Novogratz accumulated personal wealth through early investments in Bitcoin and Ethereum (ETH), although he also supported a failed algorithmic stablecoin project that led to billions in losses for the Terra ecosystem.
After Galaxy Digital's recent public listing, Novogratz appeared on CNBC to share his latest Bitcoin outlook. Compared to other bullish predictions, he provided a relatively moderate target range of $130,000 to $150,000, noting that strong institutional inflows, a weakening dollar, and growing demand for digital assets are the main drivers.
"We reached a euphoric peak around the inauguration," Novogratz said. "Now, it looks like we will break through [$106,000-$108,000] and fly towards [$130,000-$150,000], at which point you enter the price discovery phase."
ARK Invest CEO and Chief Investment Officer Cathie Wood has set a bullish prediction for Bitcoin at $1.5 million by 2030, requiring a 58% compound annual growth rate over the next five years.
In a YouTube video released in February, she cited growing interest from institutional investors as a key driver. Wood and ARK Invest are known for their high conviction investments in disruptive technologies, including early bets on Tesla and Bitcoin.
Wood also emphasized that stablecoins are key players in the growth of the blockchain economy. Source: ARK Invest
Robert Kiyosaki, author of "Rich Dad Poor Dad," also provided a seven-figure prediction, but with a longer timeframe than Wood.
In an April 18 post on X platform, he stated that by 2035, Bitcoin will surpass $1 million, while gold will reach $30,000 and silver will hit $3,000 per ounce.
BitMEX co-founder Arthur Hayes stated that if the Federal Reserve resumes quantitative easing (QE), Bitcoin could soar to $250,000 in 2025.
Hayes noted in an April article that Bitcoin's price movements are driven by expectations of growth in the supply of fiat currency, and a shift by the Federal Reserve from quantitative tightening (QT) to easing policies would trigger a significant market rally.
"If my analysis of the Federal Reserve's major policy shift from QT to Treasury QE is correct, then after Bitcoin touched a local low of $76,500 last month, it will now begin to rise to $250,000 by the end of the year," he stated in the report.
Related: U.S. court freezes $57 million USDC, allegedly linked to LIBRA scandal
Original: “Top Bulls Say Bitcoin (BTC) Price Will Reach $130,000 or Even $1.5 Million”
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