According to Georgii Verbitskii, the founder of the DeFi platform TYMIO, the price of Bitcoin (BTC) could reach $180,000 USD by the end of 2025.
In a statement to TinTucBitcoin, Verbitskii predicted that the price of Bitcoin will fluctuate between $100K and $120K USD by the end of 2024 or early 2025, before the elected President Trump takes office on January 20, 2025. Verbitskii believes that BTC could reach $180,000 USD by the end of 2025 as more and more traders get drawn into the game. Verbitskii told TinTucBitcoin:
The price of Bitcoin could double in this price surge and has the potential to reach $180,000 USD. This process takes time — we may see this level near the end of 2025. The peak of this cycle could reach even higher levels as we move into the next two years."
However, Verbitskii warned traders to manage risk prudently by diversifying their portfolios, executing trades through limit orders, and using options to avoid the devastating impact of a rapid market decline.
Bitcoin price YTD. Source: TradingView
Is a Bitcoin supply shock coming?
The TYMIO founder also predicted that the reduction in block rewards from the halving event in April 2024, future halving events, and lost keys will cause a supply shock and keep BTC volatility at high levels:
"Bitcoin is becoming increasingly scarce as fewer coins are mined each year, and moreover, many coins are lost over time due to forgotten passwords and lost wallets. This creates the potential for a supply crisis, where demand far outstrips actual supply. In this scenario, prices could rise rapidly — pushing volatility to new highs."
In June 2024, Bitcoin reserves on exchanges — a metric that tracks the total amount of Bitcoin available on trading platforms — dropped to a three-year low. These reserves continued to decline, hitting new lows again in August 2024.
Bitcoin Exchange Reserves Metric. Source: CryptoQuant
Increasing demand due to the upcoming US Presidential election and macroeconomic factors continued to put pressure on the already scarce Bitcoin supply in November 2024.
Onramp Bitcoin co-founder Jesse Myers recently stated that these factors are not the only drivers pushing Bitcoin towards $100K USD and pointed out that the block reward reduction is also a catalyst that could trigger a Bitcoin supply shock.
