Giant Company CEO Reveals Price He Thinks Bitcoin Will Hit by 2025
Can Bitcoin Hit $200,000 By 2025? Maple Finance CEO Makes Shocking Prediction.
Sid Powell, co-founder and CEO of decentralized finance platform Maple Finance, has just revealed an ambitious forecast for the price of Bitcoin (BTC).
According to him, Bitcoin could reach between $180,000 and $200,000 by the end of 2025.
What Will Drive Bitcoin Prices Higher?
In an interview on CNBC's Squawk Box Europe , Powell pointed to two key factors:
Bitcoin ETF
Powell compared the launch of Bitcoin ETFs to previous gold ETFs.
“History shows that gold ETFs have attracted strong inflows in their first year and continued to grow thereafter,” he said. “Bitcoin will likely follow a similar path.”
Involvement of major organizations
Bitcoin is increasingly seen as a core asset in the portfolios of asset managers. Powell believes that institutional money will support stable and sustainable growth in Bitcoin prices.
Bitcoin Strategic Reserve in the US – A Potential Driving Force
Powell also mentioned the hypothesis of the US establishing a strategic Bitcoin reserve . If this happens, it would not only boost institutional interest but also help stabilize Bitcoin prices in the long term.
Future Challenges and Opportunities
Despite his optimistic forecast, Powell did not forget to emphasize the cyclical nature of Bitcoin.
“Cryptocurrencies still have clear ups and downs,” he said, referring to past sharp corrections.
However, Powell believes that deep declines of 70%-80% like before will be less likely to happen in 2025.
The reason is that the flow of money from institutions will act as a drag, helping Bitcoin to be more stable.
Bitcoin: Is $200,000 Too Far Away?
Having peaked at nearly $70,000 in 2021 and fallen below $17,000 in 2022, Bitcoin has shown incredible resilience.
While risks remain, experts like Powell believe that increased adoption from institutions and ETFs could take Bitcoin to unprecedented milestones.