Bitfinex: Bitcoin could hit $200,000 by mid-2025

Author: Ciaran Lyons, CoinTelegraph; Compiler: Wu Baht, Golden Finance

Analysts at Bitfinex say that Bitcoin price declines in 2025 will be short- lived due to strong institutional demand, and they predict that Bitcoin prices will double by June 2025.

Analysts at Bitfinex said in a market report on December 17 that their minimum price estimate " will reach $145,000 by mid-2025, and possibly $200,000 if conditions are favorable."

Bitcoin volatility expected in first quarter

“We believe any correction in 2025 will remain muted due to institutional inflows, ” the analysts said. They noted that while Bitcoin is expected to be volatile in the first quarter of 2025, broader trends suggest that in the spot Price growth will continue, driven by continued inflows into Bitcoin exchange-traded funds (ETFs) and increased global and institutional adoption.

About $36 billion has flowed into the U.S. spot Bitcoin ETF since its launch in January, according to data from Farside Investors.

Analysts said: “The BTC ETF is one of the largest groups of Bitcoin holders, holding more than 1.13 million Bitcoins.”

As of the time of publication, Bitcoin is trading at $105,360. Source: CoinMarketCap

At the time of publication, Bitcoin was trading at $105,360, and Nic Carter, a partner at Castle Island Ventures, said that over the long term, Bitcoin’s price could grow almost ninefold.

Carter said in an interview with Bloomberg TV on December 17: " In the long term, I hope that Bitcoin can catch up with the market value of gold, and the price of Bitcoin will reach $900,000 by then."

Bitcoin author Andy Edstrom said on December 16 that he had “difficulty adjusting to the fact that $1,000 is less than a 1% move in Bitcoin’s price.”

Bitfinex analysts said that if Bitcoin reflects the 2021 cycle and rises about 40% from its moving average, it could "reach around $339,000."

“In the unlikely event that the extended cycle of 2017 repeats similar diminishing returns, Bitcoin could peak around $290,000 in early 2026,” they said.

US Bitcoin Reserve Could Change the Narrative

Meanwhile, the possibility of the incoming Trump administration establishing a strategic reserve of Bitcoin in the United States has the crypto industry speculating that the market narrative may be entering uncharted territory.

“If a country implements a Bitcoin strategic reserve, you can say goodbye to your four-year cycle,” crypto analyst Tyler Durden said in a Dec. 17 article.

After Donald Trump won the election on November 5, pro-cryptocurrency Senator Cynthia Lummis said she would push for legislation that would allow the U.S. government to buy Bitcoin and hold it for at least 20 years.