Not ‘Unreasonable’ To See Bitcoin Hit $250,000, Says CoinShares Head of Research – Here’s Why

A prime govt of digital asset supervisor CoinShares makes a giant value prediction for Bitcoin (BTC).

In a brand new CNBC interview, CoinShares head of analysis James Butterfill says say Bitcoin may finally attain $250,000, a rise of greater than 166% from its present worth.

At $250,000 per Bitcoin, the highest crypto asset’s complete market capitalization can be round 25% of gold’s market share, up from the present 10% – one thing Butterfill says is just not “unreasonable.”

Nonetheless, Butterfill says he would not count on Bitcoin to succeed in $250,000 this 12 months.

Says Butterfill,

“Nonetheless, the timing of that is very troublesome and I do not count on this to occur in 2025, however it should transfer in that path.”

As a substitute, Butterfill predicts that Bitcoin may appropriate to $80,000 in 2025 and peak at $150,000.

Butterfill warns that Bitcoin may face a steep correction if pro-crypto US President Donald Trump doesn’t implement favorable Bitcoin insurance policies, as many count on him to do quickly after taking energy later this month.

“Disappointment surrounding Trump’s proposed crypto coverage and doubts about its implementation may result in a big market correction.”

Butterfill believes that the explanation Bitcoin may rise by greater than 60% of its present worth this 12 months is because of the favorable US regulatory atmosphere.

Bitcoin is buying and selling at $93,742 on the time of writing, down 1.2% prior to now 24 hours.

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