Moreover, regulatory clarity is expected to improve, fostering a more stable environment for crypto investments. Institutional banks will soon be allowed to hold Bitcoin as part of their reserves, effective January 1, 2025, which could further legitimize Bitcoin as a mainstream asset.
This shows a wider adoption cycle and when banks effectively show interest in bitcoin as institutions hold bitcoin as part of their reserves, it will grow the interest of many who were initially skeptical of the legality of bitcoin's journey. I think this is something to look forward to and if the concept works out like this then bitcoin will become more popular.
As the crypto community anticipates these changes, discussions about Bitcoin's future has really gotten intensified. What price targets do you foresee for Bitcoin in 2025?
Are you optimistic about the impact of ETFs and regulatory developments?
What I'm worried about is that with something like this, the price of bitcoin will not fluctuate like it is now because this asset will indeed become the gold of crypto with the regulation. However, this is just my assumption and regarding the price of bitcoin in 2025, I am still optimistic that it will get the next ATH by referring to several previous cycle events that have not been fully collected.
Maybe the price of $ 100K is the closest point in that year but I don't know exactly what month it will happen. In addition, if you look at the previous ATH, with that price it is not impossible that it will happen in 2025 because anything can still happen if you look at the price fluctuations that occur during Bitcoin's journey..