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Mining company Blockware: Bitcoin may quadruple to $400,000 by 2025
Editor
2024-12-29 11:32 4,489
Golden Finance reported that cryptocurrency mining company Blockware said that the price of Bitcoin could increase by up to four times in 2025, or by 58% in the worst case, depending on Donald Trump’s strategic Bitcoin reserve plan and the Federal Reserve policy. Blockware said that if Trump “does not implement” the strategic Bitcoin reserve plan, the $150,000 bear market goal is possible, and the industry hopes that this result will appear in the early days of Trump’s administration. As a "base case," Blockware is targeting $225,000, assuming the U.S. government converts its Bitcoin holdings into a strategic Bitcoin reserve, the Federal Reserve cuts interest rates as scheduled, and businesses continue to adopt Bitcoin at "current rates." Blockware says a $400,000 “bull case” Bitcoin price is possible if three factors align.
Keywords: Bitcoin
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