When Will Bitcoin Price Reach $100,000? Here are the Experts’ Predictions!

Crypto even market, Bitcoin’in It has been abuzz with speculation about when it will surpass $100,000, with predictions ranging from near milestones to a jump to $1 million.

After Donald Trump won the presidential election, Bitcoin broke a record by rising to $ 93,000 and recorded a growth of 120% in 2024. A prediction market on Polymarket puts the probability of Bitcoin reaching $100,000 by the end of the year at 64%.

While $100,000 is seen as an achievable goal in the short term, some market observers are predicting an even more dramatic rise in the coming years.

Trump’s return to the White House created excitement in the cryptocurrency industry. Trump’s campaign promises included firing SEC Chairman Gary Gensler, introducing crypto-friendly regulations and creating a national Bitcoin reserve.

Analysts expect these policies to create a favorable environment for digital assets. Research firm Bernstein predicts Bitcoin will soon surpass $100,000, while Standard Chartered predicts it will jump to $125,000 before the end of the year. Both companies predict it will rise to $200,000 by 2025.

Matt Hougan, Bitwise’s Chief Investment Officer, believes that Bitcoin’s journey towards becoming a mature gold-like store of value is just beginning. Hougan predicts a potential rally to $500,000 in 2024, citing the launch of spot Bitcoin ETFs and increased institutional adoption as catalysts.

“Until Bitcoin becomes as boring as gold, which is widely held by central banks and institutions, we are still, by definition, in the early days,” Hougan said.

BitMEX co-founder Arthur Hayes is even more optimistic. He argues that Trump’s plans to revitalize American industry could push Bitcoin past $1 million in the next few years. According to Hayes, such initiatives would require government subsidies and the expansion of bank loans, potentially weakening the US dollar.

If this scenario occurs, Hayes predicts an inevitable quantitative easing that will benefit cryptocurrencies and push Bitcoin to seven figures.

*This is not investment advice.