Bitcoin continued its climb from a late December low near $92,000, rising above $98,000 on Friday. Despite the recent pullback, analysts expect bitcoin to clear $200,000 this year. H.C. Wainwright recently revised its forecast for bitcoin’s price, predicting it will reach $225,000 per coin by 2025.
The firm cites historical price cycles, recent price action, and a favorable regulatory environment as drivers for the digital assets industry in 2025. They also expect accelerating institutional and corporate adoption to accelerate price gains. This could lead to a “significant bull market” for bitcoin and crypto miners this year.
Wainwright estimates the total market cap for bitcoin miners will exceed $100 billion in 2025, with pure-play miners expected to outperform mining stocks. Companies such as Mara Holdings, Riot Platforms, and CleanSpark are listed as pure-play miners. Meanwhile, reaching the $225,000 milestone would imply a total market cap for the currency of $4.5 trillion.
The iShares Bitcoin Trust saw record outflows on Thursday, with $332 million in outflows marking its largest since launch in January 2024. However, the ETF still leads spot bitcoin ETFs with $36.92 billion in inflows. Cryptocurrency stocks have pulled back in recent weeks as bitcoin retreated from its recent all-time high, but some are poised for rebounds.
Bitcoin’s price has surged almost 119% in 2024 and hit an all-time high around $108,300 on Dec. 17 before pulling back. The price of bitcoin rose above $98,000 on Friday, with cryptocurrency stocks also climbing.
Source: https://www.investors.com/news/bitcoin-price-2025-bull-market-cryptocurrency-225000-crypto-prices-bitcoin-miners