Bitcoin extended its rally on Thursday 21st, climbing for the fourth consecutive session and reaching a new record high of $97,000 and edging closer to the landmark $100,000 level.
Optimism surrounding U.S. President-elect Donald Trump’s proposed crypto policies has fueled the surge. The cryptocurrency has gained over 40% since Trump’s election victory, with additional momentum sparked by reports that his social media company is in talks to acquire crypto trading platform “Bakkt.”
This potential acquisition would underscore Trump’s alignment with and support for the cryptocurrency ecosystem. If this upward trend continues seamlessly, it is predicted that the most valuable crypto coin could hit $250K in 2025.
In this article, we cover all the latest information concerning Bitcoin’s recent surge and all the predictions by analysts and crypto gurus about the coin skyrocketing to 250k.
The road to 4 billion crypto users by 2030
The past decade has witnessed remarkable growth and widespread adoption of cryptocurrency. As blockchain technology continues to enter the mainstream, the number of crypto users has skyrocketed in a trend that shows no signs of slowing down.
Just last year, the number of crypto users was estimated to be 580 million, and this year, the number is well over 617 million.
A report published by Allied Market Research revealed that the global cryptocurrency market was valued at $1.49 billion in 2020 and is expected to garner $4.94 billion by 2030. This would mean a Compound Annual Growth Rate (CAGR) of 12.8% from 2021 to 2030.
The market value of crypto
Currently, the market value of cryptocurrencies has risen by nearly $90 billion to a total of $3.340 trillion, which is a record high amid a surge in all major cryptocurrencies. The remarkable growth of crypto adoption has prompted many companies and businesses to revise their alternative payment methods.
Many online platforms, ranging from online store owners, charities & non-profits, to online casinos such as those listed on Stakehub, now utilize crypto as a form of payment, thanks to the accelerated adoption curve of crypto and the integration of alternative payment methods on a global scale.
In other news, the MicroStrategy firm announced another purchase of 51,780 bitcoins valued at about $5 billion, making it the biggest crypto purchase by the company so far. This shows what has been a stellar year for Bitcoin’s growth and adoption.
Why are analysts and experts reaffirming $250k?
Experts are emphasizing the transformative role of Bitcoin and blockchain technology in the current financial landscape. They are pointing to Bitcoin’s ability to function as an asset outside the conventional financial system while offering intrinsic value amid widespread economic uncertainty.
The current discussion on matters of finance focuses on ongoing issues like rising global debt and currency devaluation caused by central bank policies, which are increasingly leaving individuals financially constrained.
One expert highlights how inflation and stagnant wages are compounding the challenges, saying that people are struggling to afford homes as the debasement of currency erodes their purchasing power.
Digital assets are being highlighted as a hedge against these systemic economic pressures. Experts are also drawing attention to innovative platforms like Solana, which they are praising for its faster and more efficient smart contract capabilities, driving the broader adoption of cryptocurrencies.
Crypto gurus are advocating for crypto and showing how they are enabling retail investors to participate in a global and decentralized financial system.
They are consistently linking the adoption of digital assets to their potential to counteract the wealth erosion caused by traditional financial models with ambitious price forecasts tied to ongoing technological advancements and user adoption.
These insights and ongoing advancements highlight the ambitious $250k target as Bitcoin continues to solidify its place in the crypto realm.
Bitcoin’s historic bull run under Trump
As it stands, Bitcoin is projected to hit 100,000. According to Citibank’s analysts, cryptocurrencies are one of the few Trump deals that maintained their stellar momentum so far, due to Trump’s expected friendly attitude towards the crypto industry and its regulations.
Analysts emphasize the role of the political landscape, particularly under President-elect Donald Trump’s administration, in fostering a pro-crypto environment.
President Trump, who is known for his newfound interest in cryptocurrencies, has sparked optimism in the crypto community with his potential policies favoring blockchain and digital assets. The current peaking of Bitcoin at unprecedented levels, now at 97k plus, is seen as a reflection of this positive sentiment which is further fueled by reports of Trump-backed initiatives such as potential collaborations with crypto companies.
Under his governance, key appointments, including the U.S. Securities and Exchange Commission (SEC) Chair and Treasury Secretary, are expected to enhance market sentiment with favourable regulatory changes.
Other drivers for Bitcoin’s upward trend
Analysts and crypto gurus have also highlighted a potential shift in the demand drivers for Bitcoin suggesting a future dominated by sovereign interest.
They note that while the current cycle has been propelled by institutions, corporations, and retail investors, the next phase is likely to be led by national governments establishing Bitcoin reserves.
This trend aligns with the political groundwork being laid today to create a sovereign-led market. Additionally, factors such as clearer regulatory frameworks and increasing institutional adoption are expected to play pivotal roles in accelerating this transformation.
With all these elements falling into place, the possibility of Bitcoin reaching the $250k milestone becomes increasingly realistic over time.
