A few days ago, the price of Bitcoin surpassed the $50,000 threshold, and its market capitalization also reached the $1 trillion level. However, the massive Bullrun could take off in earnest in 2024 and especially 2025. why do we bitcoin price It can grow to $500,000 by 2025.
How has the Bitcoin price fared so far in 2024?
So far in 2024, the Bitcoin price has been able to achieve significant gains. The value of Bitcoin rose from $44,000 to over $52,000 in just six weeks. The Bitcoin ETF approved in early January has had a significant positive impact. The price of Bitcoin has risen dramatically in recent weeks, especially over the past two weeks.
Why could Bitcoin price reach $500,000 in 2025?
Bitcoin price could skyrocket over the next two years. We would like to present 5 reasons why Bitcoin price could rise to $500,000 next year by 2025.
1. Bitcoin is scheduled to be halved at the end of April 2024.
Bitcoin prices have historically surged dramatically following Bitcoin halvings. Bitcoin halving halves the amount of new Bitcoins entering the market each day. These proposed shocks always resulted in an explosive increase in the price of Bitcoin over the next 1.5 years. There’s a good chance this will happen again.
2. Low Bitcoin liquidity on stock exchanges
We’ve noticed a strange pattern in recent months. The quantity of Bitcoin on stock exchanges is decreasing and more individuals are holding BTC for the long term. This means that the actual supply of liquid Bitcoin is only 2 to 3 million. This means that high demand can grow much faster and steeper.
3. Huge interest in Bitcoin ETFs
Bitcoin ETFs have been the most popular asset class since the launch of financial product ETFs. Billions of dollars have been invested in Bitcoin ETFs from Blackrock, Fidelity, Co. The first decline in Bitcoin price was caused by significant outflows from the Grayscale ETF. But now we are seeing massive inflows in the triple-digit million range. As supply dwindles, demand could push Bitcoin prices higher in the coming months.
4. Possibility of decline in base interest rate
Central banks in the U.S. and Europe have significantly increased interest rates in 2023 to curb inflation. This resulted in significant damage to several assets, which were recoverable. Interest rate cuts are likely to accelerate over the next two years. This makes money cheaper again and increases investment in real assets such as Bitcoin.
5. FOMO and massive Bitcoin price speculation
If the price of Bitcoin reaches an all-time high (perhaps exceeding $100,000), new investors will come to the market because they will not want to miss out on the euphoria. Bitcoin has gained mainstream coverage, and FOMO is making it more popular among retail investors. This is a period of speculation that a parabolic bull market similar to what happened in 2017 will begin. This could push Bitcoin price up to $500,000.
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