📈 What has been happening with Bitcoin in 2025?
1. April 2024 halving: accumulated effects
As you know, the halving reduces the reward for mined blocks. Although the event occurred in 2024, its impact is usually felt months later, and 2025 has been a year when this limited supply begins to clash with growing demand. This creates upward pressure.
2. Massive entry of institutional capital
Funds like BlackRock, Fidelity, and others have increased their exposure to Bitcoin thanks to the spot ETFs approved since late 2023. By 2025, this has translated into constant and strong flows into BTC.
3. Favorable macroeconomic context
Inflation in the U.S. has moderately decreased and the Federal Reserve started to lower interest rates in mid-2025. Historically, this has favored risk assets, including Bitcoin.
4. Greater adoption and regulatory clarity
This year there has been more legal clarity about what is and what is not a security in the U.S. Bitcoin has emerged stronger as the only truly decentralized asset, which has increased institutional and user confidence.
5. BTC as a refuge in regions with economic problems
In countries facing crises like Argentina, Turkey, Nigeria, or even areas with devaluation or controls, there has been an increase in the adoption of Bitcoin as a store of value and a means of financial escape. This global demand is also pushing the price.
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⚠️ But we must also consider...
High competition in the crypto ecosystem: Despite its dominance, Bitcoin competes with Ethereum, Solana, and new L1/L2s that offer more utility.
Risk of sharp corrections: As the price rises, profit-taking occurs that can easily cause declines of 10–20%, although the overall framework remains bullish.
Energy and sustainability narratives: Despite advancements in renewable energy, the energy consumption of mining remains a critical point in public and political narratives.
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🧠 General opinion
Bitcoin in 2025 is showing remarkable maturity as an asset, and all indications suggest that we are in a post-halving expansion phase, where limited supply, institutional demand, and real adoption combine. While there will be volatility, the current outlook favors sustained growth this year.