Blockware Predicts Bitcoin Surge: Could BTC Hit $150K or More by 2025?
According to cryptocurrency mining company Blockware Solutions, the price of bitcoin might increase by up to four times or, at worst, by 58% in 2025, contingent on Federal Reserve policies and Donald Trump’s Strategic Bitcoin Reserve proposal. Blockware stated in a Dec. 28 market forecast research report seen by Cointelegraph that the 2025 bear case for Bitcoin may increase its price by about 58%, to $150,000 from its current price of $94,981. Blockware stated that if Donald Trump does not follow through on the Strategic Bitcoin Reserve, which the industry hopes will occur early in his administration, the $150,000 bear case threshold might be reached.
Blockware Predicts Bitcoin Bull Case at $400K if Fed and Corporates Align
Strike’s founder and CEO, Jack Mallers, said that on his first day in office, Trump would probably sign an executive order making Bitcoin a US reserve asset. According to Blockware, the bear case objective might also materialize if the Federal Reserve reverses its stance on interest rate decreases and long-term holders sell it aggressively. Assuming the US government converts its Bitcoin holdings into a Strategic Bitcoin Reserve, the Fed lowers interest rates as anticipated, and corporate adoption keeps up its present rate, Blockware’s base case aim is $225,000.
Blockware stated that if the three criteria produce the best results, a $400,000 bull case price for Bitcoin is feasible. The Federal Reserve must first take a more dovish approach. Second, the Magnificent 7 companies—Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia, and Tesla—must integrate Bitcoin into their balance sheets in order to promote corporate adoption of the cryptocurrency. Lastly, the US government would need to acquire more Bitcoin in addition to converting its current holdings into a strategic Bitcoin reserve, which Galaxy Digital has stated is doubtful.
For more up-to-date crypto news, you can follow Crypto Data Space.
Leave a comment