$BTC

• Predictions for the price to rise to $500,000 by October 2025:

Billionaire investor Chamath Palihapitiya predicts that the price of Bitcoin will reach $500,000 by October 2025, based on the impact of the recent 'halving' event in April 2024, which reduces mining rewards and increases the currency's scarcity. Additionally, he sees Bitcoin becoming a global reserve currency, especially in light of the declining value of the US dollar.

• Launch of the first derivatives trading platform for cryptocurrencies in London:

London launched the first derivatives trading platform for cryptocurrencies, GFO-X, which is regulated by the Financial Conduct Authority (FCA). The platform allows for trading Bitcoin futures and options, enhancing the acceptance of cryptocurrencies by financial institutions.

• Divergent predictions regarding the future price of Bitcoin

Predictions regarding the price of Bitcoin by the end of 2025 vary:

Bill Barhydt, CEO of Abra, expects the price to reach $700,000, based on accommodative monetary policies.

Arthur Hayes, former CEO of BitMEX, believes the price may drop to $70,000–75,000 before resuming its rise.

DeepSeek AI predicts the price will reach $250,000, based on the impact of the recent 'halving' event.

Georgii Verbitskii, founder of the TYMIO platform, expects the price to reach $180,000 by the end of 2025.