Analyst: Bitcoin is expected to rise 60% to $150,000 by 2025
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Odaily reports that cryptocurrency analyst Michaël van de Poppe predicts that by 2025, Bitcoin will reach $150,000, which means it could rise by 60% from current levels. Van de Poppe attributes Bitcoin's potential upside to macroeconomic factors, including the expansion of the global money supply and the challenges facing the US economy. He expects the labor market to weaken and a recession to occur in 2025, both of which could drive a rapid expansion of the US money supply, thereby fueling the momentum of Bitcoin. However, the path to $150,000 is not smooth sailing. The analyst predicts that the market will see a correction of around 30% in the first quarter of 2025, after which Bitcoin will stabilize in the $150,000 range, and the market will further rise until 2026.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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