The outlook for the cryptocurrency market in 2025 is increasingly optimistic as we start May 2025, with a strong foundation being laid for what many believe could be the next major bull run. Bitcoin (BTC) has already made headlines this year by surging past its previous all-time high, touching over $105,000 before stabilizing around $94,500. This impressive climb has reignited investor enthusiasm and sparked fresh predictions from industry experts. Geoff Kendrick of Standard Chartered forecasts BTC could climb to $120,000 by mid-year, with the potential to hit $200,000 by year-end. Key drivers include rising institutional interest, expanding ETF approvals, and the return of a crypto-supportive administration—factors that continue to reinforce confidence across the market.