PakGazette – The year 2024 was a landmark year for cryptocurrencies, with the approval of spot ETFs in the US and the subsequent introduction of ETFs, as well as several cryptocurrencies, including Bitcoin, reaching new all-time highs .
Bitcoin has been on the rise in 2024, up 145% so far this year and hitting a record high of $108,268 on December 17. Other cryptocurrencies, such as BNB and PEPE, followed suit, reaching new all-time highs.
As Bitcoin and many other cryptocurrencies hit new all-time highs, demand for China’s dollar-pegged stablecoin USDT has skyrocketed. The token’s market valuation increased by around $50 billion this year, reaching over $140 billion.
In a historic milestone, MicroStrategy has become the first Bitcoin holding company to enter the Nasdaq-100. The Bitcoin treasury intends to raise $42 billion in capital over the next three years through market share sales and convertible debt issuances to purchase more Bitcoin.
Will Bitcoin reach $250,000? Market predictions
The cryptocurrency market is expected to see notable growth in 2025, driven by 2024 milestones such as the Bitcoin halving and ETF approvals.
According to a recent market prediction published by CoinGecko, Bitcoin’s growth trajectory looks promising given the momentum in 2024 and key events expected in 2025. An optimistic projection sees Bitcoin skyrocketing 154% in value and, in this scenario, Bitcoin could reach a price of $250,000.
Other Bitcoin projections for 2025 include Fundstrat’s Tom Lee, who is very positive on Bitcoin for next year. According to Lee, Bitcoin could rise in 2025 to reach $250,000. Bitcoin has two tailwinds heading into the new year, one of which is the cryptocurrency’s price halving cycle, which is often bullish for the price of Bitcoin in the year following a halving event. half.
Bitwise, a Bitcoin ETF producer, shares the same optimistic outlook and predicts that 2025 may herald the start of the golden period of cryptocurrencies, given the landmark year of 2024. One of the ten forecasts made was that Bitcoin could trade above the 200,000 dollars.
