James Butterfill, director of research at cryptocurrency-focused asset management firm CoinShares, told CNBC that he expects Bitcoin prices to reach $150,000 and $80,000 in 2025.

Butterfill said it was not “unreasonable” to expect Bitcoin to account for around 25% of gold’s market share in the long term – up from around 10% currently. This equates to a price of $250,000.

But he doesn’t think that will happen next year. “While the timing of this is very difficult and I don’t expect it to happen in 2025, it will move in that direction,” Butterfill told CNBC via email.

He said it was “possible” for Bitcoin to reach $80,000 and $150,000 within the year.

Butterfill’s $80,000 appeal, if struck, would be the result of Trump’s promised pro-crypto policy failing to materialize.

“Disappointment with Trump’s proposed cryptocurrency policy and skepticism about its enactment could prompt a significant market correction,” Butterfield said.

Butterfill expects a favorable U.S. regulatory environment to be a major driver supporting Bitcoin prices next year.

In 2023, CoinShares predicted that the Bitcoin price would reach $80,000 in 2024.

Cryptocurrency financial services company Matrixport says Bitcoin could reach $160,000 by 2025.

“Sustained demand for Bitcoin ETFs, favorable macroeconomic trends and expanding global liquidity pools support this outlook,” Matrixport head of research Markus Thielen told CNBC via email.

As we all know, Bitcoin is highly volatile and has the potential to retrace 70% to 80% from its all-time highs. Thielen said the reduction in 2025 will be “less dramatic.”

“Bitcoin’s growing base of dip buyers and strong institutional support are expected to mitigate a severe correction,” Thielen said.

Matrixport predicted in 2023 that Bitcoin would reach $125,000 by 2024.

Alex Thorn, director of research at cryptocurrency-focused asset management firm Galaxy Digital, expects Bitcoin to top $150,000 in the first half of this year and reach $185,000 in the fourth quarter.

“A combination of institutional, corporate and country adoption will drive Bitcoin to new heights in 2025,” Thorne wrote in a research note shared with CNBC.

“Since its inception, Bitcoin has appreciated faster than all other asset classes, especially the S&P 500 and gold, and this trend will continue in 2025. Bitcoin will also reach 20% of gold’s market capitalization.”

Galaxy predicts that by 2025, the total assets under management of U.S. spot Bitcoin exchange-traded products will exceed $250 billion.

The company also expects to see five Nasdaq 100 companies and five nation-states add Bitcoin to their balance sheets or sovereign wealth funds next year.

Carol Alexander, a professor of finance at the University of Sussex, believes that the price of Bitcoin could reach $200,000 next year.

“I’m more optimistic than ever about 2025,” Alexander told CNBC, adding that Bitcoin’s price “could easily reach $200,000, but there are no signs of volatility reducing.”

“By the summer, I expect it to be trading around $150,000, plus or minus $50,000.” Alexander clarified that she doesn’t actually own any Bitcoin herself.

Explaining her rationale, Alexander said that supportive regulation in the United States will boost Bitcoin, however, a lack of regulation on cryptocurrency exchanges will continue to drive volatility as highly leveraged trading causes prices to swing up and down.

Alexander has a history of correctly calculating Bitcoin prices. Last year, she told CNBC that Bitcoin would hit $100,000 by 2024, and that’s exactly what happened.

Youwei Yang, chief economist at Bit Mining, expects Bitcoin prices to reach $180,000 to $190,000 in 2025, but he is also cautious about a possible price correction.

“Bitcoin’s price may see significant upward momentum in 2025, but there will also be occasional sharp corrections,” Yang told CNBC. “In moments of market volatility, such as a sharp decline in the stock market, Bitcoin may temporarily fall to 8 However, the overall trend is expected to remain bullish.”

Factors expected to boost Bitcoin in 2025 include lower interest rates, Trump’s support, and increased institutional adoption.

“Based on these dynamics, I predict that Bitcoin may peak between $180,000 and $190,000 in 2025, consistent with historical cycle patterns and the increasing mainstream adoption of cryptocurrencies. “

Nonetheless, Yang also expects some “correction” in Bitcoin prices next year as well.

Downside risks include U.S.-China tensions, disruption in global capital markets, potential unexpected restrictions and possible delays in the Fed’s rate-cutting cycle.

Last year, Yang predicted that the price of Bitcoin would reach $75,000 in 2024.

Sid Powell, CEO and co-founder of centralized finance platform Maple Finance, aims for a Bitcoin price of $180,000 to $200,000 by the end of 2025.

“If you look at it from a historical perspective, when we see gold ETFs come out, inflows in the first year increase dramatically in subsequent years, I think we can expect that,” Powell told CNBC’s “Squawk Box Europe.” See this in the Bitcoin ETF.”

Powell added: “I think we will see more inflows over the next few years as Bitcoin and cryptocurrencies become core asset allocations for institutional asset managers.”

Another factor that Powell believes is driving up Bitcoin prices is the U.S.’s expectations for a strategic reserve of Bitcoin

Still, the Maple Finance boss is concerned about market pullbacks. “I think you’re certainly going to see a correction — cryptocurrencies are still a cyclical industry,” Powell told CNBC.

In previous market cycles, Bitcoin rose sharply for a few months before falling sharply in price.

Take the previous cycle, for example: In 2021, the price of Bitcoin rose to nearly $70,000 as more investors poured in, but the following year it plummeted to less than $17,000 as a series of major crypto companies went bankrupt. Dollar.

However, Powell stressed that Bitcoin’s 70% to 80% retracement in past cycles is unlikely to occur in 2025 “because there are more buffers for institutional inflows into the sector.”

Elitsa Taskova, chief product officer of crypto lending platform Nexo, is more optimistic about Bitcoin’s prospects in 2025 than the general consensus.

“We think Bitcoin will more than double in a year to $250,000,” Taskova told CNBC, adding that in the long term – say over the next ten years – she thinks the entire cryptocurrency market cap will More than gold.

Nexo’s head of product said: “These predictions are in line with current trends and social hallmarks: growing awareness of Bitcoin as a reserve asset, more Bitcoin and cryptocurrency-related exchange-traded products (ETPs), and broader use.”

She added that favorable macroeconomic conditions, such as easing monetary policy by the world’s major central banks, could boost Bitcoin.

“The Fed’s balanced approach – managing interest rates and inflation while avoiding stagnation – will be critical,” she said. On the other hand, persistent inflation could also prompt a hawkish turn, she warned.

“With the United States leading the way in crypto-related capital deployment, interest rate decisions and inflation dynamics are likely to remain key influences on Bitcoin prices in 2025.”