Experts predict that the price of bitcoin could reach $120,000 as early as 2025
Fred Thiel, Chairman and CEO of Marathon Digital Holdings, emphasized that the upcoming doubling of the bitcoin rate will double its value compared to gold. The expert said this during a recent episode of The Pomp Podcasts.
BTC growth $41,470.58
will provide greater stability during market downturns, Mr. Thiel emphasized. “The only unique feature of bitcoin that stocks don’t have is a limited number of tokens.”
Traditionally, a halving of the price led to a sharp rise in the value of BTC, compensating for the loss of miners’ income. However, Thiel drew attention to the emergence of bitcoin exchange-traded funds (ETFs).
In his opinion, these financial instruments are likely to lead to greater liquidity and reduced volatility. This will also make cryptocurrencies more attractive to institutional investors. This shift is further exacerbated by trading activity around ETFs, such as the shift from Grayscale options to lower-fee options.
As for a specific value forecast, Thiel expects BTC to reach ATH by the end of the third or early fourth quarter, after which a sell-off will begin, which could reduce its value. According to Thiel, this trend will stabilize by early 2025, after which a gradual increase will begin. Thus, by the end of 2025, bitcoin could reach an ATH of $120,000.
