tl;dr
CoinShares' head of research, James Butterfill, predicts that Bitcoin (BTC) could reach $250,000, marking a 166% increase from its current value. He believes this may not happen in 2025 but expects the price to head in that direction. Butterfill also forecasts a potential correction to $80,000 in 20...
CoinShares' head of research, James Butterfill, predicts that Bitcoin (BTC) could reach $250,000, marking a 166% increase from its current value. He believes this may not happen in 2025 but expects the price to head in that direction. Butterfill also forecasts a potential correction to $80,000 in 2025 and a peak at $150,000. He warns of a significant market correction if pro-crypto US President-elect Donald Trump does not enact favorable Bitcoin policies. Butterfill attributes the potential increase in Bitcoin's value to a favorable US regulatory environment.
At the time of writing, Bitcoin is trading at $93,742, down 1.2% in the last 24 hours. A top executive from digital asset manager CoinShares is making a big price prediction for Bitcoin (BTC). In a new CNBC interview, CoinShares' head of research James Butterfill says Bitcoin may ultimately hit $250,000, a more than 166% increase from its current value. At $250,000 per Bitcoin, the flagship crypto asset’s total market cap would be about 25% of gold’s market share, up from the approximate current 10% – something Butterfill says is not “unreasonable” to happen. However, Butterfill says that he does not expect Bitcoin to hit $250,000 this year.
Says Butterfill, “Timing of this is very difficult though and I don’t expect this to occur in 2025, but it will head in that direction.” Instead, Butterfill is predicting Bitcoin could correct to $80,000 in 2025 and peak at $150,000. Butterfill warns that Bitcoin may suffer from a steep correction if pro-crypto US President-elect Donald Trump doesn’t enact favorable Bitcoin policies, as many expect he will soon after taking office later this month. “Disappointment surrounding Trump’s proposed crypto policies and doubts about their enactment could prompt a significant market correction.”
Butterfill believes the reason Bitcoin may increase more than 60% of its current value this year is due to a favorable US regulatory environment. Bitcoin is trading for $93,742 at the time of writing, down 1.2% in the last 24 hours.