Bitcoin surpasses the $80,000 mark! What's next? Will it also increase to $200,000 by 2025?

As the price of Bitcoin continues to soar, analysts are raising their Bitcoin price forecasts for the year 2025 one after another.

During the election period, Mr. Trump repeatedly emphasized that the innovative spirit and autonomy of Bitcoin and cryptocurrencies align with the core values of America. He stated that if the USA does not take the lead in cryptocurrency adoption, other countries will dominate this field. Therefore, he has a plan to support cryptocurrencies through policy measures to ensure that the USA can lead the world in Bitcoin and blockchain technology.

Many financial institutions and analysts have shown an optimistic view towards Bitcoin. Geoff Kendrick, Global Head of Digital Asset Research at Standard Chartered Bank, anticipates that following Mr. Trump's victory, the price of Bitcoin will reach $0.125 million per coin by the end of this year.By the end of 2025, it is expected to reach $0.2 million per coin.Additionally, analysts at Bernstein, a research and securities firm, have set similar target prices for Bitcoin.

Mr. Kendrick believes that promises made by Mr. Trump's cryptocurrency supporters, such as the establishment of the National Strategic Bitcoin Reserve and making the USA a "Bitcoin superpower", will drive up the price of Bitcoin.

He also expects that in terms of regulations,Mr. Trump is expected to overturn SAB121 rejection by Mr. Biden.SAB121, part of the U.S. Securities and Exchange Commission's accounting guidelines, has sparked criticism that it hinders investment banks from providing large-scale custodianship of cryptocurrencies. Mr. Kendrick believes that Trump will implement this policy shortly after his inauguration on January 20th next year, leading more financial institutions to adopt cryptocurrencies.

The Chicago Mercantile Exchange (CME) derivatives exchange offers Bitcoin futures trading, and USA institutions typically use this to predict the future price of Bitcoin. On November 8th, the average price premium for Ethereum and Bitcoin futures at CME was 14.5% and 14%, respectively. However, these premiums were only 7% before the election and have mostly been below 10% in the past 6 months.

According to Mr. Vetle Lunde of K33 Research, the rapid surge in futures premiums reflects significant deviations and recent bullish capital inflows, suggesting that rising leverage and offshore derivative yield increases are being driven by risk-taking investors aiming for further gains.

Famous cryptocurrency trader Mr. Peter Brandt pointed out that Bitcoin is expected to reach $0.125 million by next year.