The average base scenario for 2025 is around $100,000–150,000 per bitcoin. Many experts agree that after the halving in 2024, the BTC supply will decrease, pushing the price up, although corrections and short-term declines are possible along the way.

Conclusion for 2025: cautious optimism – a new historical maximum for BTC is likely, but exact values may lie around $100,000 or significantly higher under favorable conditions.

Forecast for 2026

The prospects for 2026 largely depend on the dynamics of 2025. If bitcoin sets new records in 2025, a correction or consolidation at achieved levels is possible by 2026. On the other hand, a continuing bullish rally after the halving may extend growth into 2026. According to the Stock-to-Flow (Plan B) model, which is based on the stock-to-flow ratio, bitcoin could theoretically reach a range of $250,000 – $1,000,000 during the 2025–2026 period. However, this model forecast is controversial, as in the past, the S2F model did not account for sudden market events. More conservative analysts, including Morgan Stanley, expect a pullback and a 'bottom-seeking' phase in the market after a surge in growth before a new cycle begins.