CoinShares: Bitcoin price could reach $150,000 or $80,000 by 2025

Odaily reported that James Butterfill, the head of research at the cryptocurrency asset management firm CoinShares, believes that the price of Bitcoin could reach $150,000 or $80,000 by 2025. Butterfill stated that if the $80,000 price prediction is realized, it would be due to the failure of Trump's promised pro-cryptocurrency policies. Butterfill said that the disappointment and skepticism surrounding Trump's proposed cryptocurrency policies could lead to a significant market correction. In the long term, Butterfill believes it is "not unreasonable" for Bitcoin's market capitalization to reach 25% of the gold market, which would equate to a Bitcoin price of $250,000. However, he does not think this will happen next year. Butterfill pointed out that the timing is difficult to predict, and he does not believe it will happen by 2025, but it will move in that direction. He stated that the chances of Bitcoin reaching $80,000 and $150,000 within a year are both "very high". For next year, Butterfill expects a favorable US regulatory environment to be the main driver supporting the price of Bitcoin. In 2023, CoinShares had predicted a Bitcoin price of $80,000 by 2024.