As a seasoned crypto investor with over a decade of experience navigating the wild west that is the digital currency market, I find Georgii Verbitskii’s prediction of Bitcoin reaching $180,000 by 2025 quite plausible, given the current trends and the potential macroeconomic factors at play. My personal journey in crypto has been filled with ups and downs, but I’ve always found that the best way to make a small fortune in this market is to start with a large one.
It’s predicted that the value of a single Bitcoin could potentially hit $180,000 by the year 2025, as per Georgii Verbitskii, the creator of the TYMIO decentralized financial system.
According to Verbitskii’s prediction to CryptoMoon, Bitcoin’s price might range from $100K to $120K before January 20, 2025 – the inauguration of President-elect Trump. Moreover, he suggested that the cryptocurrency could potentially reach $180,000 by the end of 2025 as more investors get involved in the market. In summary, Verbitskii shared his views with CryptoMoon stating that Bitcoin’s price might soar to these levels in the coming years.
“Bitcoin’s price can double during this bull run and has the potential to reach the $180,000 threshold. This takes time — we may witness this level closer to the end of 2025. The peak of this cycle could reach much greater levels as we progress into the next two years.”
On the other hand, Verbitskii advised traders to carefully handle risk by spreading out their investments, conducting trades through limit orders, and employing options to prevent the damaging consequences of sudden market drops.
Is a Bitcoin supply shock coming?
According to the creator of TYMIO, it’s expected that the reduction in block reward from the April 2024 halving, subsequent halvings, and misplaced cryptocurrency keys will lead to a sudden scarcity of Bitcoin, thereby maintaining its price fluctuations at high levels.
“Bitcoin becomes scarcer because fewer coins are mined each year, plus many are lost over time due to forgotten passwords and misplaced wallets. This sets up the potential for a supply crisis, in which demand significantly outstrips actual availability. In these circumstances the price could rapidly accelerate — pushing volatility to new, higher levels.”
By June 2024, the amount of Bitcoin held on exchanges, as measured by a tracking metric, had fallen to its lowest point in nearly three years. This downward trend persisted, and by August 2024, the figure hit another record low.
In November 2024, the high demand triggered by the latest U.S. Presidential election and broader economic conditions put additional pressure on an already scarce Bitcoin supply, making it even more limited.
According to Jesse Myers, co-founder of Onramp Bitcoin, while several elements are contributing to Bitcoin’s rising price towards $100K, he emphasized that a potential Bitcoin supply shortage could be triggered by the decreasing block subsidy as a significant factor.
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2024-11-23 18:53