Bitcoin’s price hovered near $95,000 on Friday, after reaching a record high of over $108,000 earlier this month. Investors are cautiously optimistic about the cryptocurrency’s future growth, particularly with US President-elect Donald Trump’s second term set to begin in 2025.
The upcoming presidency has sparked hope for bitcoin’s rally, as Trump has pledged to make the US the world’s “crypto capital.” Bitcoin exchange-traded funds (ETFs) saw significant inflows of $475 million on Thursday, following four consecutive days of withdrawals. Ethereum ETFs also received $89 million in new investments.
Analysts attribute this growth to slowing inflation and a more stable economy, as well as increased interest in artificial intelligence-driven crypto projects and decentralized finance. While there are concerns about heightened risk, experts recommend using small dips to strengthen exposure to bitcoin and ether.
According to analysts at Bitfinex, the world’s largest cryptocurrency could reach $200,000 by mid-2025, with a minimum price target of $140,000. The current bull market reflects strong institutional demand, but history suggests that post-halving years tend to see significant rallies. With the next halving expected around the third and fourth quarter of 2025, investors are bracing for a potential surge in bitcoin’s value.
Source: https://finance.yahoo.com/news/bitcoin-holds-steady-near-95-222618450.html