A major cryptocurrency company has predicted that the price of Bitcoin will rise next year, fueled by President-elect Donald Trump’s proposal for a strategic Bitcoin reserve in the United States.
Crypto firm Blockware Solutions estimates that Bitcoin could reach $400,000 per coin in a bull run if the proposed BTC reserve exceeds or further reach $150,000 in a downtrend if the prospect does not materialize.
Price increase in 2025
Blockware Solutions estimates that the price of Bitcoin would increase next year from $150,000 to $400,000, saying that the price per coin of BTC would be determined by key economic and political factors.
The crypto firm added that Bitcoin’s proposed strategic reserve, Federal Reserve policies under the Trump administration, and corporate adoption would all influence the price of the all-important coin, noting that in all scenarios, it would be much higher than it is today.
The company predicted that Bitcoin’s current price of $94,981 could skyrocket more than 300% to $400,000 in a bull market or rise 58% to $150,000 in a bear market.
🚨 BREAKING: New Blockware Intelligence Research Report
Last year we predicted that Bitcoin would hit $100,000 this year.
We were right.
Here is our price forecast for 2025:
– Bear: $150,000
– Base: $225,000
– Taurus: $400,000Click below to read our full analysis… pic.twitter.com/nEOo26iKrG
– Blockware (@BlockwareTeam) December 27, 2024
Last year, Blockware Solutions said the top cryptocurrency would hit $100,000 in 2024, and they were right. Once again, the crypto company will make another Bitcoin price hike next year.
The cryptocurrency mining company said BTC will definitely rise in 2025, but whether its increase will be moderate or dramatic will depend on how economic and political factors evolve.
Bitcoin price in the red zone in the last 24 hours. Source: Coingecko
Bitcoin price in the red zone in the last 24 hours. Source: CoingeckoPossible scenarios
Blockware Solutions has listed three potential scenarios for the price of Bitcoin next year.
In a bearish scenario, the cryptocurrency company said Bitcoin would rise 58% to $150,000, explaining that this would happen if the new administration does not follow through on Bitcoin’s strategic reserve.
Other factors contributing to the bearish situation, according to Blockware Solutions, would be if the Federal Reserve reverses its policy of cutting rates and if long-term crypto holders aggressively sell their coins.
In a base case scenario, Blockware Solutions said Bitcoin would rise 137% to around $225,000 per coin, from the current price of $94,989, adding that this scenario would be possible if current US holdings of Bitcoin were converted into a strategic Bitcoin reserve.
$20 billion in Bitcoin
The US government is one of the largest holders of Bitcoin, with estimated ownership of more than 200,000 coins worth at least $20 billion.
The crypto company explained that other driving factors for this scenario are the Federal Reserve reducing interest rates to the projected rate and corporate adoption of Bitcoin continuing at the current pace.
Meanwhile, in the most optimistic scenario or a bull market, Blockware Solutions predicted that the price of BTC would rise exponentially to $400,000, a 320% increase from its current market price.
The cryptocurrency mining company explained that a bullish scenario would occur if the United States not only adopted the strategic Bitcoin reserve but also began purchasing more Bitcoins, adding that the Federal Reserve was becoming more dovish as the CPI was falling and so would accelerating BTC adoption in the corporate world. fuel this condition.
Featured image from TechCrunch, chart from TradingView
