Will Bitcoin Hit $100,000 by 2025?

Predictions for the world’s largest cryptocurrency, Bitcoin (BTC), have been wildly ambitious this year. Some have suggested that the king coin could rise to $150,000 or even $200,000 next year. But can Bitcoin rise to that price in such a short period of time?

What is the current situation of Bitcoin?
BTC is trading at $66,338.64 at press time, after falling 1.27% over the past 24 hours. The king coin has fallen from a high of $69,381 to a low of $66,322 this week. Things have been slow on the BTC market as the network’s daily trading volume has dropped by 26.37%.
While the asset is currently sideways, BTC could see a surge in the coming months. Data from CoinCodex reveals that the king coin has the potential to reach $100,000 as early as January 2025. The company notes that BTC will trade at a maximum price of $115,573 and the average price of the asset will remain at $99,312.

Bitcoin's potential rise to $115,573 by January would represent a 74% increase from its current price, which is a significant gain for the asset and its investors.
Factors contributing to this rise
Several factors will influence Bitcoin’s rise towards the $100,000 region. The overall market sentiment and the regulatory environment will certainly play a major role. In addition, the upcoming US election will also impact BTC prices. Speaking about Donald Trump, Bitcoin millionaire Erik Finman  said :
“His policies will boost the crypto market, driving strong growth across the board. If Trump wins, I believe Bitcoin could hit $100,000 in his second term.”
Additionally, cryptocurrencies have been  added to the US Securities and Exchange Commission (SEC) 2025 priorities list. According to a news release, the regulator intends to oversee activities related to cryptocurrencies and related products, specifically cryptocurrency ETPs and ETFs.