I don't think the price of Bitcoin in 2025 will exceed $200,000,
especially after it has already exceeded a $2 trillion market cap.
because the market doesn't have enough buying power to push it higher.
I hope my prediction is wrong. Wake me up after 160 days.
But what happen if everybody is hoarding bitcoin including governments and large companies and significantly reducing circulation of bitcoin in the market?
I think price can still go up although arguably the market cap has reached so high.
The key is always large scale adoption, bitcoin at $1m is possible with large scale of adoption from various governments and companies.