Bitcoin (CRYPTO: BTC) is up 119% in 2024, and investors have been on a roll lately, making predictions about where the cryptocurrency is headed this year. Most recently, Fundstrat’s head of research Tom Lee said that a single Bitcoin could reach $250,000 by the end of 2025.
That would be a whopping 160% increase in Bitcoin’s price if Lee’s prediction proves correct. Of course, no one knows for sure where Bitcoin is headed this year, but there are a few reasons why Bitcoin proponents are right to be optimistic. Here are a few things that could drive the cryptocurrency higher this year.
