Bitcoin projected to hit $150,000 by mid-2025, deVere's Green predicts

Nigel Green, the CEO of deVere Group, a prominent financial advisory organization, has projected that Bitcoin 's value could reach $150,000 by mid-2025. This forecast follows the cryptocurrency's recent surge above $100,000, a milestone it achieved last week for the first time.

According to Green, Bitcoin has seen a remarkable increase of 134% year-to-date, and he anticipates that this upward trend will continue. He had previously predicted a rise to $120,000 following the inauguration of Donald Trump, and now, with growing investor fear of missing out (FOMO) and increased institutional investment, he believes that Bitcoin's price could soar even higher.

Green attributes the resurgence of the crypto market to dual momentum from investor FOMO and institutional investment, which he says is establishing Bitcoin as a vital asset in investment portfolios. He explains that as Bitcoin reaches new heights, it generates a snowball effect where investors, eager to capitalize on gains, drive the price up and attract more participants to the market.

The significant involvement of financial institutions over the past year, through direct holdings, exchange-traded funds (ETFs), and partnerships with crypto-focused companies, is considered a game-changer for Bitcoin. This institutional engagement not only injects liquidity into the market but also lends credibility, bolstering confidence among retail investors.

Green also points to persistent inflation and growing geopolitical uncertainty as factors reinforcing Bitcoin's appeal as a safe-haven asset. With traditional investments struggling to keep up with inflation, Bitcoin is viewed as a potential store of value. Additionally, global political instability is prompting investors to seek alternatives to conventional assets, further enhancing Bitcoin's attractiveness.

The Trump administration has indicated support for digital assets, with the appointment of a new chair for the SEC known for a progressive stance on cryptocurrency. This move is anticipated to promote regulatory clarity and strengthen investor confidence in the crypto space.

Despite his optimistic outlook, Green does caution that the journey to $150,000 will not be without its challenges, including short-lived sell-offs as investors take profits. He notes that these market corrections are a natural part of the market cycle, contributing to more robust and sustained growth.

Green's revised prediction underscores his confidence in Bitcoin's future, citing factors such as Trump's presidency, a pro-crypto SEC chair, growing institutional and retail demand, persistent inflation, and geopolitical uncertainty as the drivers behind the potential rise to $150,000 by mid-2025.

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Source: Investing.com