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Rising expectations continue for Bitcoin, which started a big rally with the approval of spot ETF products, especially in the USA, and reached $108,000 in December after the US election. Finally, New York-based investment bank HC Wainwright raised its price forecast for 2025, from $140,000 earlier, to $225,000.
In the bank’s latest report, it was noted that expected regulatory clarity in the US in 2025, increased corporate compliance and growing global demand will seriously push up the price of Bitcoin.
Expect FIT21…
The report specifically covers the “21st century”, also known as FIT21. It said that in the 20th century, “financial innovation and technology law” is expected to eliminate regulatory uncertainty. The law aims to clarify which digital assets should be considered commodities and which should be considered securities.
“It could reach $4.5 trillion”
The report also notes that Bitcoin could reach about 25 percent of gold’s market value, or $4.5 trillion, by the end of 2025. One reason for the increase was the halving of the reward, which further reduced the distribution of Bitcoin’s supply.
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