To the Moon: the price of BTC may reach six digits in 2025

BestChange
2 min read2 days ago

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The main cryptocurrency has every chance to grow above $100,000. Such an optimistic scenario was voiced by the head of the crypto exchange Swan Bitcoin Stephen Lubka. He suggested that this could happen as early as next year.

At the same time, the expert believes that the cost of BTC will grow regardless of the outcome of the presidential elections in the United States. The forecast of the crypto-enthusiast is based on the analysis of the movement of the price of the first digital coin, which is largely influenced by global monetary policy.

“I believe that by 2025 the value of bitcoin will reach six digits. At the same time, it will arrive at this result regardless of who emerges as the winner in the presidential race,” Lubka said.

In his opinion, the recent acceptance of bitcoin by large investors, associated with the launch of the BTC-ETF, only added confidence in the positive outlook for the crypto market.

Analysts from ARK Invest, on the other hand, have a completely different scenario. They consider $52,000 and $46,000 to be the key support levels for BTC, noting that the fall in the asset’s price is quite in line with the historical norm. At the same time, a decline in the bitcoin rate below the voiced levels “could be the beginning of a prolonged bearish trend.”

“Now short-term holders of the asset and institutional investors are facing unrealized losses,” the experts noted.

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