What will happen to bitcoin price in 2025 - experts predict whether it will hit $200k...
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Bitcoin and cryptocurrencies have been firmly back in the spotlight in the past few months, thanks to surging prices. After Donald Trump's resounding US election win in November, bitcoin - along with countless other crypto tokens - has skyrocketed as crypto-fanatics and casual speculators bet on a pro-crypto future under the President-elect.
The bull-run continued into December with bitcoin smashing the $100,000 barrier for the first time after Trump promised to nominate Paul Atkins to become the new commissioner of the Securities sand Exchange Commission. The currency has risen 117 per cent so far this year and is currently trading at nearly $97,000 per token.
It peaked at $107,000 per token earlier in the month after Trump said he might make a strategic bitcoin reserve, emulating the countries Strategic Petroleum Reserve. The token has a maximum total supply of 21million, with 19.9million already in existence.
He said: 'We're gonna do something great with crypto because we don't want China or anybody else - not just China but others are embracing it - and we want to be the head.'. With Trump no doubt looking forward to his inauguration on 20 January, the jury is still out on how many of his crypto promises he'll keep, and what 2025 and the new President hold for the crypto space.
