Leading Bitcoin (BTC) advocates for 2025 have revised their price projections, which now vary from a cautious $130,000 to ambitious seven-figure aspirations.
Longtime skeptics like gold enthusiast Peter Schiff and economist Nouriel Roubini persist in forecasting a disastrous fate for the world’s foremost cryptocurrency. In contrast, Bitcoin spent the year experiencing record-high rallies propelled by renewed institutional engagement.
It achieved a new all-time peak of $111,970 on May 22 and has been trading close to that point since, enticing investors with the potential of a new benchmark.
Here are some of the most audacious Bitcoin price forecasts from the initial half of 2025 (thus far).
1. Adam Back foresees Bitcoin exceeding $1 million if the US engages
Blockstream CEO Adam Back mentioned in November that Bitcoin could surpass $1 million “this cycle” if the US follows through on plans to create a Strategic Bitcoin Reserve. In March, the White House did just that, although it has yet to be fully legislated by Congress.
The Bitcoin Reserve Act classifies the first blockchain-based cryptocurrency as a digital gold-like reserve asset, utilizing coins confiscated from criminal activities.
US states have begun laying the foundation. New Hampshire started the discussion on May 6 by enacting a Bitcoin reserve bill into law. Later that month, Texas legislators pushed a bill to create a strategic cryptocurrency reserve, supported by Governor Greg Abbott.
In an interview with Cointelegraph Magazine, Back provided a price target of “a few hundred thousand” dollars for 2025, highlighting a renewed retail interest once approximately $16 billion in FTX bankruptcy repayments re-enters the market. He expressed confidence that many of those investors will return to the crypto space to drive the next significant rally.
2. Smart money aligns on BTC year-end target
Multiple analysts have established $200,000 as their forecast for Bitcoin in 2025. Geoff Kendrick, global head of digital assets at Standard Chartered, has emerged as a leading advocate.
Kendrick stated in an email viewed by Cointelegraph that Bitcoin is projected to reach $120,000 in the first half of 2025, ultimately hitting $200,000 by the end of the year, supported by the rise of stablecoins.
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“The US Senate… voted 66-32 to advance the GENIUS Act,” Kendrick mentioned in the email. “The objective of the stablecoin Act is that stablecoins will further validate the entire asset class. All boats will float.”
During a recent Chain Reaction X Spaces event hosted by Cointelegraph, additional analysts shared their 2025 forecasts. André Dragosch, head of European research at Bitwise, concurred with Kendrick’s $200,000 year-end projection. Markus Thielen noted that Bitcoin has historically operated in $16,000 price increments, placing its next significant resistance around $122,000.
Anthony Scaramucci, founder of SkyBridge Capital and former White House communications director, also recently set his year-end prediction at $200,000 in a media interview.
3. Novogratz considers Bitcoin’s next price discovery phase
Former Goldman Sachs partner and Galaxy Digital founder Mike Novogratz remains one of the most notable Bitcoin advocates in finance.
Novogratz has accumulated personal wealth through early investments in BTC and Ether (ETH), although he also notably supported the failed algorithmic stablecoin initiative that resulted in the multibillion-dollar downfall of the Terra ecosystem.
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Following Galaxy Digital’s recent public listing, Novogratz appeared on CNBC to share his latest BTC outlook. In comparison to other optimistic estimates, he provided a relatively modest target between $130,000 and $150,000, citing strong institutional inflows, a weakening dollar, and rising demand for digital assets as main factors.
“We experienced an ecstatic peak right around the inauguration,” Novogratz said. “Now, it appears we will surpass [$106,000-$108,000] and embark on the next journey to [$130,000-$150,000], and at that stage, you enter price discovery.”
4. Cathie Wood’s $1.5-million Bitcoin projection
Cathie Wood, CEO and chief investment officer of ARK Invest, set her optimistic forecast for Bitcoin at $1.5 million by 2030, requiring a compound annual growth rate of 58% over the next five years.
In a YouTube video published in February, she emphasized rising institutional interest as the primary catalyst. Wood and ARK Invest are recognized for making high-conviction investments in disruptive technologies, including early stakes in Tesla and Bitcoin.
Wood also underlines stablecoins as pivotal in growing blockchain-based economies. Source: ARK Invest
Robert Kiyosaki, the author of Rich Dad Poor Dad, also made a seven-figure prediction, albeit over a longer timeline than Wood.
In an April 18 X post, he stated that Bitcoin will surpass $1 million by 2035, along with gold at $30,000 and silver at $3,000 per coin.
5. Bitcoin targeting $250,000 by year-end if the Fed shifts to QE
BitMEX co-founder Arthur Hayes stated that BTC could surge to $250,000 in 2025 if the US Federal Reserve reverts to quantitative easing (QE).
In an April statement, Hayes posited that Bitcoin is propelled by anticipations of the growth of fiat supply, and the Fed’s transition from quantitative tightening (QT) to easing would ignite a significant rally.
“If my assessment of the Fed’s substantial pivot from QT to QE for treasuries is accurate, then Bitcoin reached a local low of $76,500 last month, and we are about to begin our ascent to $250,000 by year-end,” he wrote.
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