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Cryptocurrency News Articles

Bitcoin Could Reach $180K by End of 2025, Says TYMIO Founder

Nov 24, 2024 at 04:50 am

According to Georgii Verbitskii, creator of the TYMIO decentralized finance network, the price of Bitcoin might hit $180,000 by the end of 2025.

Bitcoin Could Reach $180K by End of 2025, Says TYMIO Founder

TYMIO founder Georgii Verbitskii predicts that Bitcoin's price could reach $180,000 by the end of 2025 due to supply constraints and halving events.

According to Verbitskii, Bitcoin's price could reach $100,000 to $120,000 by the end of 2024 or early 2025. With increasing trader participation, Bitcoin could reach $180,000 by the end of 2025.

"During this bull run, the main cryptocurrency's price could double and has the potential to reach the $180,000 threshold. This will take time, and we may not see this level until late 2025. As we move into the next two years, the peak of this cycle could reach much higher levels," Verbitskii told Cointelegraph.

To mitigate the drastic effects of sudden market downturns, Verbitskii advised traders to diversify their portfolios, utilize limit orders and options.

Due to the lower block subsidy, upcoming halving events and lost keys, Verbitskii also anticipates that a supply shock will keep Bitcoin's volatility high:

“Fewer coins are mined each year, and many are lost over time due to forgotten passwords and misplaced wallets, making Bitcoin scarcer. This sets up the potential for a supply crisis, where demand massively outstrips actual availability. In such a scenario, the price could rapidly accelerate, pushing volatility to new, higher levels.”

Amid Rising Demand, Bitcoin Exchange Reserves Hit 3-Year LowA metric that tracks the total amount of Bitcoin on exchanges, known as bitcoin exchange reserves, reached a three-year low in June 2024.

Continuing their decline, exchange bitcoin reserves hit a new low in August 2024. By November 2024, the low Bitcoin supply was further strained by increased demand due to macroeconomic conditions and the upcoming U.S. presidential election.

According to Jesse Myers, co-founder of Onramp Bitcoin, these factors contribute to Bitcoin's price heading toward $100,000, with the lower block subsidy potentially causing a Bitcoin supply shock.

News source:econotimes.com

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