Top Bitcoin Bulls Revise 2025 Price Targets: From $130K to Over $1.5M
As 2025 unfolds, leading Bitcoin bulls are refining their price forecasts, with projections ranging from a grounded $130,000 to an ambitious $1.5 million. Despite ongoing skepticism from figures like gold advocate Peter Schiff and economist Nouriel Roubini—who continue to predict a dramatic collapse—Bitcoin has remained resilient, riding a wave of institutional momentum and setting new records.
In May, Bitcoin reached an all-time high of $111,970, fueling optimism across the crypto landscape. It has since hovered near that level, building anticipation for a potential new price ceiling. Let’s explore some of the most significant Bitcoin price predictions from the first half of 2025.
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1. Adam Back: Bitcoin Could Exceed $1 Million if U.S. Adopts Reserve Strategy
Blockstream CEO Adam Back suggests Bitcoin could surpass $1 million “this cycle” if the United States formally adopts a Strategic Bitcoin Reserve. Back’s prediction gained traction in March when the White House proposed the Bitcoin Reserve Act—positioning Bitcoin as a digital reserve asset akin to gold by leveraging BTC seized from criminal investigations. Although the bill has not yet been enacted by Congress, several U.S. states are already moving forward.
In May, New Hampshire became the first state to pass legislation establishing a Bitcoin reserve. Texas soon followed, advancing a similar bill backed by Governor Greg Abbott.
Back, speaking with Cointelegraph Magazine, estimated Bitcoin could reach “a few hundred thousand dollars” in 2025, citing renewed retail interest. This optimism is partly driven by the reintroduction of roughly $16 billion into the market through FTX bankruptcy repayments, which he believes will rejuvenate crypto trading volumes and investor confidence.
2. Institutional Analysts Align on $200K Year-End Target
A number of institutional analysts have coalesced around a $200,000 year-end price target for Bitcoin. Geoff Kendrick, Global Head of Digital Assets at Standard Chartered, predicted that Bitcoin could reach $120,000 in the first half of 2025, on its way to $200,000 by year-end. In his note to Cointelegraph, Kendrick attributed this bullish momentum to the rising influence of stablecoins.
He referenced the U.S. Senate’s approval of the GENIUS Act, which aims to regulate stablecoins. “The point of the Stablecoin Act is that stablecoins will further legitimise the entire asset class. All boats will rise,” Kendrick noted.
Other experts joined the chorus during a recent Chain Reaction X Spaces session hosted by Cointelegraph. André Dragosch, Head of European Research at Bitwise, echoed the $200,000 target. Markus Thielen pointed to Bitcoin’s historical price action, noting its tendency to move in $16,000 increments, which places the next major resistance around $122,000. Meanwhile, SkyBridge Capital founder and former White House Communications Director Anthony Scaramucci reaffirmed the $200,000 forecast in a recent interview.
3. Mike Novogratz Predicts Next Rally Will Hit $130K–$150K
Mike Novogratz, founder of Galaxy Digital and a former Goldman Sachs partner, remains one of the most influential voices in Bitcoin investment circles. While his past includes some high-profile wins in Bitcoin and Ethereum, it also includes backing the ill-fated Terra ecosystem.
Following Galaxy Digital’s recent public listing, Novogratz appeared on CNBC to share a more conservative outlook compared to others. He sees Bitcoin advancing to a price range between $130,000 and $150,000, driven by steady institutional inflows, a declining U.S. dollar, and broadening interest in digital assets.
“We had a euphoric top right around the inauguration,” Novogratz stated. “Now, it looks like we’ll take out [$106,000–$108,000] and make the next flight to [$130,000–$150,000]. At that point, you’re in price discovery.”
4. Cathie Wood’s Long-Term Vision: Bitcoin at $1.5 Million by 2030
Cathie Wood, CEO and Chief Investment Officer at ARK Invest, has laid out one of the most ambitious Bitcoin forecasts in the market: $1.5 million by 2030. This target implies a compound annual growth rate (CAGR) of 58% over the next five years—a bold projection grounded in rising institutional adoption.
In a YouTube video published in February, Wood emphasized that major financial institutions increasingly view Bitcoin as a viable long-term asset. ARK Invest, known for its high-conviction plays in disruptive innovation, including early investments in Tesla and Bitcoin, maintains that Bitcoin’s scarcity and decentralization make it an ideal store of value in a rapidly digitizing global economy.
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Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.
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