Steve Grasso, appearing on CNBC, predicted that Bitcoin could reach $200,000 by the end of 2025 and potentially climb to $250,000–$500,000 in the long term.
🌟 He highlighted the current U.S. administration as the most crypto-friendly to date, with proposed legislation like the GENIUS Act (focused on stablecoin regulation) and CLARITY Act (establishing a digital asset market structure) enhancing transparency.
🌟 Classifying crypto as a commodity rather than a security could unlock significant potential.
🌟 Adoption remains low, with only 2% of businesses and 3% of central banks engaging, but it is growing rapidly.
🌟 Bitcoin’s market capitalization is currently around $2 trillion, compared to gold’s $20 trillion, and Grasso believes this gap could narrow.
🌟 He argues that the era of Bitcoin experiencing 80% price crashes per cycle may be over, driven by increasingly stable and sustainable demand.
