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- Factors that influence Bitcoin’s price
- Bitcoin’s historical price trends
- 2024 Bitcoin price predictions
- 2025 Bitcoin price predictions
- 2030 Bitcoin price predictions
- Long-term Bitcoin price predictions
Not financial advice
While this blog explores potential future price movements for Bitcoin in 2025, it’s crucial to emphasise that this information is for educational and informational purposes only and should not be construed as financial advice. It’s vital to conduct your own thorough research and due diligence before making any investment decisions, and consult with a qualified financial professional as needed.
TL;DR (too long, didn’t read)
Don’t want to read the whole blog? Here’s a summary of the 2025 Bitcoin price predictions in USD, AUD and SGD:
- Minimum: US$40,000 / A$62,366 / S$52,871
- Median: US$155,000 / A$241,670 / S$201,001
- Average: US$164,323 / A$256,206 / S$213,091
- High: US$500,000 / A$779,581 / S$648,392
Factors that influence price
Limited supply, growing demand & long-term holders
Unlike traditional currencies (AUD, SGD, USD, etc), which can be inflated and devalued, Bitcoin has a fixed long-term supply. There will only be a maximum of 21 million coins to be mined. Over 94.5% of all Bitcoins have already been mined, which creates scarcity and the potential to drive up its price as demand for Bitcoin continues to increase. Additionally, long-term holders, who choose not to sell their Bitcoin, further restrict the circulating supply
Bitcoin halving
Every four years, the number of new Bitcoins rewarded to miners is halved. This event is known as the halving. As the mining process becomes more challenging and fewer coins enter circulation, existing Bitcoins become relatively scarcer, potentially influencing their price. In 2009, 50 new Bitcoins were mined with every block, then the supply dropped to 25, 12.5, and until April 2024, only 6.25. Since April 2024, only 3.125 Bitcoins are mined every approximately 10 minutes.
Awareness and adoption
Growing public awareness and adoption of Bitcoin can also positively impact its price. As more people recognise Bitcoin’s potential as a store of value or medium of exchange, demand may increase, driving up the price. As of 2025, 95% of Australian adults are aware of at least one cryptocurrency and some 31% of Australian adults owned crypto (up from 28%), with Bitcoin being the most widely held cryptocurrency.
Bitcoin spot ETF buying pressure
The approval and launch of spot Bitcoin exchange-traded funds (ETFs) in the United States in January 2024 marked a significant milestone. These ETFs offer a regulated and potentially more accessible way for investors to gain exposure to Bitcoin, without going through a crypto exchange.
As of May 1, 2025, U.S. spot Bitcoin exchange-traded funds (ETFs) have accumulated over $39.67 billion in total net inflows since their launch in January 2024, highlighting investors’ strong interest in gaining access to Bitcoin’s price.
While it’s still too early to definitively assess the long-term impact of spot Bitcoin ETFs on price, these inflows highlight investors’ strong interest in gaining exposure to Bitcoin through regulated channels. However, as with any investment, conducting thorough research and understanding the associated risks is important before making any
Sentiment
Market sentiment plays a significant role in Bitcoin’s price fluctuations. Positive news and price movements, along with broader economic optimism, can lead to increased investor confidence, driving up demand for Bitcoin. Conversely, negative news, regulatory concerns, or broader market pessimism can lead to investor fear, potentially pushing the price down. You can gauge crypto market sentiment by looking at the Crypto Fear and Greed Index.
Interest rates
Interest rates can also influence Bitcoin’s price. When interest rates are low, investors might seek alternative risk-on assets like Bitcoin. Conversely, rising interest rates could make other investments more attractive, potentially leading to a shift away from Bitcoin.
Bitcoin’s historical trends
Bitcoin’s price history has been characterised by wild fluctuations. Since Bitcoin’s inception in 2009, it has experienced periods of meteoric rises followed by sharp corrections.
In its early years, Bitcoin’s value was negligible. However, it witnessed its first significant price surge in 2011, reaching a peak of around US$30 before plummeting to single digits later that year. This pattern of boom-and-bust cycles continued throughout the next decade, with notable highs in 2013 (around US$1,000 / A$1,100), 2017 (US$15,800 / A$26,500), and 2021 (surpassing US$65,000 / A$93,000).
2024 saw Bitcoin experience a significant rally, reaching an all-time high of US$108,268 (A$168,108) on December 17. By the end of the year, on December 31, it closed at US$93,429.20 (A$145,671), reflecting strong annual performance.
Bitcoin has maintained levels above US$90,000 into 2025, showing resilience amidst market fluctuations (US$102,280 / A$160,591 at the time of writing). Nonetheless, each peak has historically been followed by significant corrections, highlighting the inherent volatility that comes with the crypto market.
A case for bearish Bitcoin
While many investors remain optimistic about Bitcoin’s future, others are more cautious. These investors point to several factors potentially hindering Bitcoin’s price growth in 2025.
Firstly, regulatory uncertainty can dampen investor confidence. For instance, in the United States, the proposed GENIUS Act, which seeks to regulate stablecoins, failed to clear in the Senate today. Concerns over potential conflicts of interest and security have led to opposition from some lawmakers.
Environmental concerns surrounding Bitcoin’s energy consumption also remain a point of contention. The energy-intensive mining process raises sustainability concerns, potentially damaging Bitcoin’s public image and deterring environmentally conscious investors. Nonetheless, others have argued that Bitcoin’s energy use is overstated and poorly understood.
A case for bullish Bitcoin
Despite the potential headwinds, many investors remain bullish on Bitcoin in 2025.
Continued institutional adoption is a key driver for Bitcoin’s future success. Major corporations, investment firms, and even sovereign wealth funds are investing in Bitcoin as an addition to their portfolios. This growing institutional interest suggests there’s growing demand for Bitcoin. For instance, Strategy has a US$33 billion stake in Bitcoin, and many public companies continue to follow Strategy’s example.
The election of President Trump was widely seen as a more positive move in the crypto regulatory environment. In January 2025, an executive order was signed revoking previous crypto directives and establishing a crypto task force to propose a federal regulatory framework for digital assets within 180 days. This was followed by a suite of pro-crypto appointments, including Paul Atkins (Chair of the SEC), Caroline Pham (Acting Chair of the CFTC), Scott Bessent (Secretary of the Treasury), and Howard Lutnick (Secretary of Commerce). These changes were followed by the downsizing of the SEC’s Crypto Assets and Cyber Unit and the discontinuation of SEC lawsuits against prominent crypto firms.
In March, Trump signed an executive order creating a Strategic Bitcoin Reserve, repurposing over US$17 billion worth of forfeited Bitcoins from criminal and civil cases to build a federal reserve of digital currency. A trend followed most recently by New Hampshire in its state reserve, authorising the state treasurer to invest up to 5% of total funds in Bitcoin and other high-cap digital assets.
Bitcoin’s relative stability compared to traditional stock markets, like the S&P 500, has reignited discussions about its role as a safe-haven asset. Lasanka Perera, CEO of Independent Reserve Singapore, remarked, “The US national debt has reached $34 trillion, with an annual deficit of $2 trillion and no signs of reversal.” He emphasised that in such an environment, where fiat currencies face continuous debasement, Bitcoin emerges as a hedge against inflation and economic unpredictability.
The above, coupled with the Bitcoin Spot ETF approval, Bitcoin halving, and supply squeeze created by long-term holders, paints a compelling picture for Bitcoin’s potential price in 2025.
However, it’s crucial to remember that this is simply a perspective, and thorough research and professional financial advice are essential before making investment decisions.
Bitcoin price in USD, 2017 – May 2025
2024 Bitcoin price predictions
Price predictions in USD, AUD and SGD
- Minimum: US$60,000 / A$92,000 / S$81,000
- Median: US$100,000 / A$154,000 / S$135,000
- Average: US$143,000 / A$220,000 / S$192,000
- High: US$500,000 / A$768,000 / S$673,000
| Source | Bitcoin price predictions | Verdict |
| Antoni Trenchev (Co-Founder, Nexo) | US$100,000 | ✅ |
| Carol Alexander (Professor, University of Sussex) | US$100,000 | ✅ |
| ETC Group | US$100,000+ | ✅ |
| Geoff Kendrick (Head of Research, Standard Chartered) | US$120,000 | 🤏 |
| James Butterfill (Head of Research, CoinShares) | US$80,000 | 🔽 |
| Matrixport (Financial Advisory) | US$125,000 | 🤏 |
| Martin Leinweber (Digital Asset Product Strategist) | US$150,000 | ❌ |
| Matthew Sigel (VanEck) | US$100,000+ | ✅ |
| Matt Hougan (Bitwise) | US$80,000 | 🔽 |
| Mark Mobius (Investor) | US$60,000 | 🔽 |
| Max Keiser (OG Bitcoin Maxi) | US$200,000 | ❌ |
| Seth Ginns (Managing Partner, CoinFund) | US$250,000 – $500,000 | ❌ |
2025 predictions
Expert opinions regarding Bitcoin’s price in 2025 vary widely, as they did in 2024. Let’s delve into the specific figures from notable individuals and organisations in the financial and cryptocurrency space.
At the time of writing this article, we have already surpassed the minimum price predictions, though some estimates suggest prices may still decline steeply this year.
Price predictions in USD, AUD and SGD
- Minimum: US$40,000 / A$62,366 / S$52,871
- Median: US$155,000 / A$241,670 / S$201,001
- Average: US$164,323 / A$256,206 / S$213,091
- High: US$500,000 / A$779,581 / S$648,392
| Source | 2025 Bitcoin price predictions |
| Antoni Trenchev (Co-Founder, Nexo) | US$150,000 |
| Ben Ritchie (Managing Director, Alpha Node Global) | US$55,000-$200,000 |
| Blockware Solutions | US$150,000–$400,000, |
| Carol Alexander (Professor, University of Sussex) |
US$200,000 |
| CoinCodex | US$62,000–$156,000 |
| Geoff Kendrick (Head of Research, Standard Chartered) | US$200,000 |
| James Butterfill (CoinShares) | US$80,000-$150,000 |
| John Hawkins (Senior Lecturer, University of Canberra) | US$50,000 |
| Matrixport (Financial Advisory) | US$160,000 |
| Martin Leinweber (Director of Digital-asset Research and Strategy ) | US$150,000 |
| Matthew Sigel (VanEck) | US$180,000 |
| Matt Hougan (Bitwise) | US$200,000 |
| Max Keiser (OG Bitcoin Maxi) | US$120,000-$500,000 |
| Peter Brandt (respected market analyst) | US$78,000 |
| Tom Lee (Fundstrat) | US$250,000 |
| Valdrin Tahiri (CCN) | US$40,000-$109,350 |
2030 Bitcoin price predictions
Opinions of everyday Australians
In the Australian 2025 Independent Reserve Cryptocurrency Index (IRCI) survey, we asked over 2,100 Australians from all walks of life about their 2030 Bitcoin price predictions. The number of Australians in 2025 predicting Bitcoin to reach +$A250,000 by 2030 is 32.6%. A dramatic increase from just 5.7% in 2024.
The number of Australians that expected Bitcoin to be worth zero is just 9.3%, down from nearly half in 2020. Similarly, the number of Australains that believe Bitcoin will range between $A100-$200K is at almost 40%, up from close to 0% in 2020.
Bitcoin price predictions for 2030 over the past 5 years
Long-term Bitcoin price predictions
| Source | Prediction |
| Messari (Research firm) | $600,000 (long-term) |
| Cathie Wood (CEO of Ark Invest) | $1.5 million (2030) |
| Jack Dorsey (Twitter co-founder) | $1 million (2030) |
| Hal Finney (OG Bitcoin pioneer) | $22 million (2045) |
| Fidelity Investments | $1 billion (2038) |
| Chamath Palihapitiya (CEO of Social Capital) | $1 million (2040) |
| Michael Saylor (Chairman of Strategy) | $5 million |
Conclusion
Bitcoin’s price in 2025 remains uncertain, with various factors influencing its potential trajectory. While some experts predict significant growth, others warn of potential headwinds. It’s important to remember that this blog post is not financial advice, and conducting your own research and seeking professional guidance is essential before making any investment decisions.
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