Is Bitcoin Price Ready to Skyrocket in 2025?
Will the Bitcoin market development in 2025 have many surprises?
The Bitcoin market development in 2025 has many surprises. In fact, many analyses from experts predict that Bitcoin will soar to IDR 2.5 billion or more. Investment research firm Bernstein predicts that the Bitcoin price will skyrocket. Gautam Chhugani, an analyst at Bernstein, stated that this belief depends on the possibility of the United States Securities and Exchange Commission (SEC) approving a Bitcoin spot ETF in the next two years. Although Bernstein previously doubted Bitcoin as an investment asset, they now see great potential, especially if the SEC approves a Bitcoin ETF. Not only that, Chhugani emphasized that the more neutral attitude towards Bitcoin as a commodity indicates a change in the cycle, especially with the possibility of SEC approval of ETFs supported by the world's leading asset managers such as BlackRock, Fidelity, and others. If the Bitcoin Spot ETF is approved, mainstream investors can access Bitcoin directly through investment products regulated by the SEC. In addition, Bernstein also projects that the 2024 halving will contribute to the increase in Bitcoin prices.
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