The forecast for Bitcoin has reached new heights, as Nigel Green, the CEO of the financial advisory firm Devere Group, has predicted that the cryptocurrency’s value could climb to a staggering $150,000 by mid-2025. This bold prediction comes on the heels of Bitcoin’s recent surge past the $100,000 milestone, which it achieved for the first time last week.
“Bitcoin is up an astonishing 134% year-to-date,” Green stated, reflecting on the favorable conditions that have propelled this rise. “We believe the stage is set for even greater highs in the months ahead.” Green attributes this bullish momentum to a potent combination of increasing institutional investment and the fear of missing out (FOMO) among investors.
“I now believe growing investor FOMO and increasing institutional investment can be expected to push the price to $150,000 by mid-2025,” Green stated, adding that these dual factors are fueling the resurgence of the crypto market and solidifying Bitcoin as a ‘must-have’ asset in investment portfolios.
The increasing institutional buy-in has been a game-changing factor in this scenario. Financial institutions have been expanding their exposure to Bitcoin through direct holdings, exchange-traded funds (ETFs), and partnerships with crypto firms. This has provided a much-needed boost to liquidity and credibility. On top of this, the FOMO effect continues to intensify, with the $100,000 level acting as a psychological trigger for investors wanting to capitalize on the rally.
“As Bitcoin achieves new highs, it creates a snowball effect. Investors rush in to capture gains, pushing the price higher and attracting even more participants,” Green explained.
Other factors feeding into this upward trajectory include persistent inflation and geopolitical uncertainty. These elements are enhancing Bitcoin’s appeal as a safe-haven asset. Green also pointed to regulatory developments under the Trump presidency, such as a pro-crypto U.S. Securities and Exchange Commission (SEC) chair. This is expected to infuse greater clarity and confidence into the market.
While Green acknowledges the potential for short-term sell-offs, he remains optimistic. In his view, the perfect storm is brewing for Bitcoin to potentially hit the ambitious $150,000 mark by mid-2025. This projection paints an ultra-bullish picture for Bitcoin’s future, sparking intrigue and excitement in the world of cryptocurrency.
