Bitcoin price predictions: Where could BTC hit in 2025?

After Donald Trump's resounding US election win in November, bitcoin - along with countless other crypto tokens - has skyrocketed as crypto-fanatics

After Donald Trump's resounding US election win in November, bitcoin - along with countless other crypto tokens - has skyrocketed as crypto-fanatics and casual speculators bet on a pro-crypto future under the President-elect.

The bull-run continued into December with bitcoin smashing the $100,000 barrier for the first time after Trump promised to nominate Paul Atkins to become the new commissioner of the Securities sand Exchange Commission.

With Trump no doubt looking forward to his inauguration on 20 January, the jury is still out on how many of his crypto promises he'll keep, and what 2025 and the new President hold for the crypto space.

It is of course impossible to know what will happen to the value of bitcoin and other cryptocurrencies next year - prices are volatile.

However, the future is looking rosy, at least according to Standard Chartered, which has set a bitcoin price target of $200,000 by the end of 2025.

While $200,000 seems a long way to go, financial institutions are now throwing their weight behind crypto and Trump pledging to reform crypto regulation, bitcoin could see considerable drive in 2025.

Simon Peters, market analyst at Etoro, told This is Money that bitcoin is also likely to follow its four-year cycle which could mean it is set to peak in 2025.

This is not guaranteed, however, with David Morrison, senior market analyst at Trade Nation, noting the pullback bitcoin has seen from its previous highs.

One of the main catalysts for the recent crypto-boom is Trump's promise to replace the much-reviled SEC chair Gary Gensler with Paul Atkins.

Gensler, who has announced he'll step down upon Trump's inauguration, is widely disliked by those in the crypto sphere for his enforcement approach to the currencies.

This was, according to David Morrison, senior market analyst at Trade Nation, the: 'the icing on the cake, and the solid evidence that crypto is about to enjoy a much friendlier regulatory environment.'

Nick Jones, chief executive of Zumo, agrees. He told This is Money: 'Increased regulatory scrutiny is a positive sign that our industry is maturing.'

Trump has pledged to ease regulation on crypto, and create a new regulatory framework that looks to further integrate crypto into the financial world. This is where Trump's nbitcoin reserve could come in.

Other nations could also follow suits by adopting bitcoin as a reserve asset if Trump does take this approach.

Laith Khalaf, head of investment analysis at AJ Bell, said: 'Fresh news of supportive US government policies in 2025 could continue to bump crypto higher.'

On top of this, Arnoud Star Busmann, chief exectuive of Quantoz Payments, said: 'This will all lead to crypto being safer and easier to access.'

Khalaf warns that bitcoin is still a risky investment. He added: 'With no fundamentals to speak of, the price of bitcoin is purely driven by what other buyers are willing to pay for it, and the sentiment of crowds is a fickle beast.'

With a safer regulatory environment will also come a wave of new investors looking to buy crypto. The value of crypto tokens is fundamentally based on interest from investors, so this should prove positive for the space.

Laith Khalaf said: 'Seven million people in the UK now own some crypto, according to the FCA, not far off the number who have some money in a stocks and shares Isa.'

In fact, Star Busmann says 2025 will likely see the largest ever influx of crypto investors as a result of greater regulation and impending legislation making crypto a more acceptable asset class.

'I expect that the price of bitcoin will continue its upwards momentum in 2025. But with a multitude of potential catalysts like growing corporate treasury adoption, discussions of national strategic stockpiles and the prospect of US regulatory clarity in 2025, to name a few, it promises to be an exciting year in this space.'