Bitcoin started in 2009 as an anti-inflation asset, underwent a transformation into an institutional safe-haven asset, and has now become an important part of mainstream financial allocation. The approval of ETFs and the entry of large capitals like Blackstone and Fidelity have brought stronger legitimacy and liquidity to Bitcoin. Coupled with the development of Ordinals NFT, Runes standards, and Layer 2 technologies after 2024, Bitcoin’s ecosystem is gradually diversifying, expanding from digital gold to a more composite blockchain platform.
The price cycle of Bitcoin is typically divided by halving events, experiencing phases of pre-heating, consolidation, main upward trends, and bubble tops. After the latest halving completed in April 2024, it is currently in the early stage of the main upward trend. Looking back at the increases after the past three halvings, it surged from about $13 to $1150 in 2013, from $1000 to $20,000 in 2017, and from $10,000 to nearly $70,000 in 2021, showing a decreasing magnitude effect. Based on this calculation, if this cycle starts rising from $20,000, a multiple increase of 3 to 4 times would imply a reasonable target of $80,000 to $100,000.
The sources of funds in this bull market are different from the past, mainly divided into two categories: first, the long-term layout of traditional financial giants, with the introduction of ETFs, institutional allocation of Bitcoin has become the norm, bringing stable and substantial capital inflows; second, the reallocation of funds within the blockchain, many old players are flowing funds back into the Bitcoin ecosystem, supporting emerging technologies such as Runes and BRC-20, strengthening BTC’s position as the center of funds.
Various models provide different predictions for the price of Bitcoin in 2025:
If the global asset bubble intensifies, the price of Bitcoin may even break 200,000 USD in the short term.
Bitcoin is expected to reach new highs again in 2025, potentially challenging even higher price levels, but investors need to understand that this is not just a game of price, but a reflection of beliefs and values. Price fluctuations and bubbles are inevitable, but Bitcoin, as a challenge to the traditional financial system, carries significance that goes far beyond speculation, and its long-term value remains solid.
Bitcoin started in 2009 as an anti-inflation asset, underwent a transformation into an institutional safe-haven asset, and has now become an important part of mainstream financial allocation. The approval of ETFs and the entry of large capitals like Blackstone and Fidelity have brought stronger legitimacy and liquidity to Bitcoin. Coupled with the development of Ordinals NFT, Runes standards, and Layer 2 technologies after 2024, Bitcoin’s ecosystem is gradually diversifying, expanding from digital gold to a more composite blockchain platform.
The price cycle of Bitcoin is typically divided by halving events, experiencing phases of pre-heating, consolidation, main upward trends, and bubble tops. After the latest halving completed in April 2024, it is currently in the early stage of the main upward trend. Looking back at the increases after the past three halvings, it surged from about $13 to $1150 in 2013, from $1000 to $20,000 in 2017, and from $10,000 to nearly $70,000 in 2021, showing a decreasing magnitude effect. Based on this calculation, if this cycle starts rising from $20,000, a multiple increase of 3 to 4 times would imply a reasonable target of $80,000 to $100,000.
The sources of funds in this bull market are different from the past, mainly divided into two categories: first, the long-term layout of traditional financial giants, with the introduction of ETFs, institutional allocation of Bitcoin has become the norm, bringing stable and substantial capital inflows; second, the reallocation of funds within the blockchain, many old players are flowing funds back into the Bitcoin ecosystem, supporting emerging technologies such as Runes and BRC-20, strengthening BTC’s position as the center of funds.
Various models provide different predictions for the price of Bitcoin in 2025:
If the global asset bubble intensifies, the price of Bitcoin may even break 200,000 USD in the short term.
Bitcoin is expected to reach new highs again in 2025, potentially challenging even higher price levels, but investors need to understand that this is not just a game of price, but a reflection of beliefs and values. Price fluctuations and bubbles are inevitable, but Bitcoin, as a challenge to the traditional financial system, carries significance that goes far beyond speculation, and its long-term value remains solid.