Top Bitcoin (BTC) bulls in 2025 have updated their price forecasts, and they range from a relatively cautious $130,000 to seven-figure moonshots.
Familiar doubters like gold bug Peter Schiff and economist Nouriel Roubini continue to predict a catastrophic ending for the world’s largest cryptocurrency. Meanwhile, Bitcoin spent the year with record-breaking rallies behind renewed institutional uptake.
It set a new all-time high of $111,970 on May 22 and has been trading near that level since, teasing investors with the possibility of a new ceiling.
Here are some of the boldest Bitcoin price predictions from the first half of 2025 (so far).
Bitcoin has stormed back since dropping to 2025 lows of $76,300 in April. Source: CoinGecko
1. Adam Back says Bitcoin tops $1 million if US jumps in
Blockstream CEO Adam Back said in November that Bitcoin could break $1 million “this cycle” if the US follows through with plans to establish a Strategic Bitcoin Reserve. In March, the White House did just that, though it has yet to be codified into law by Congress.
The Bitcoin Reserve Act treats the world’s first blockchain-based cryptocurrency as a digital gold-style reserve asset, using coins seized from criminal cases.
Back says the $1 million prediction is the minimum target if the stars align. Source: Adam Back
US states have started laying the groundwork. New Hampshire broke the ice on May 6 by signing a Bitcoin reserve bill into law. Later in the month, Texas lawmakers advanced a bill to establish a strategic cryptocurrency reserve, backed by Governor Greg Abbott.
Speaking with Cointelegraph Magazine, Back gave a 2025 price target of “a few hundred thousand” dollars, citing renewed retail demand once roughly $16 billion in FTX bankruptcy repayments re-enter the market. He added that he is confident many of those investors will cycle back into the crypto market to fuel the next big rally.
2. Smart money agrees on Bitcoin’s year-end target
Several analysts have set $200,000 as their target for Bitcoin in 2025. Geoff Kendrick, global head of digital assets at Standard Chartered, has been one of the leading…
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