Bitcoin may reach 180 thousand dollars by the end of 2025 – TYMIO founder
The price of Bitcoin (BTC) may reach 180,000 dollars by the end of 2025 – according to Georgi Verbitskii – founder of TYMIO decentralized financial platform.
In a statement to Cointelegraph, Verbitsky predicted a bitcoin price between $100,000 and $120,000 in late 2024 or early 2025 — before President-elect Trump takes office on January 20, 2025. The founder of TYMIO continued that BTC could reach $180,000. In the year By the end of 2025, as more traders are drawn into the fray. Verbitsky told Cointelegraph:
“During this bull run, the price of Bitcoin could double and has the potential to reach $180,000. This will take time – we will see this level closer to the end of 2025. The next two years.”
However, Verbitsky urged traders to manage risk appropriately by maximizing their positions, executing limit orders and using options to avoid the worst effects of a rapid market decline.
Bitcoin year-to-date price. Source: TradingView
Related: Bitcoin ‘Wild' Odds See 85% Chance of BTC Price Over $100k in New Year
Is a Bitcoin Supply Shock Coming?
TYMIO's founder also stated that the April 2024 halving, future halving and lost keys subsidies will trigger a supply shock and make BTC volatility high:
“Bitcoin will be very scarce because only a few coins are produced every year, and many of them are lost over time due to forgotten passwords and wrong wallets. This creates a supply problem, in which the demand greatly exceeds the actual availability. In these conditions, the price can happen. Accelerate quickly – flexibility to new and Pushing higher levels.
In June 2024, Bitcoin currency reserves – a measure that tracks the total number of Bitcoins available on exchanges – fell to a three-year low. Bitcoin currency reserves continue to decline and hit another low in August 2024.
Bitcoin exchange reserve measure. Source: CryptoQuant
An increase in demand due to the recent US presidential election and macroeconomic factors have overwhelmed the low supply of Bitcoin in November 2024.
OnRamp Bitcoin founder Jesse Myers recently said that these aren't the only things driving Bitcoin's price to $100K and pointed to block subsidies as the shocking drop in Bitcoin supply.
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