A comprehensive market survey by HashKey Group suggests Bitcoin could surge beyond $300,000 in 2025, driven by unprecedented institutional capital flows and growing mainstream financial adoption.
The Hong Kong-based digital asset firm's annual prediction report gathered input from nearly 50,000 community members.
It comes as Wall Street deepens its commitment to crypto, with several major financial stalwarts opting to provide services tied to the industry.
The crypto market is "poised for extraordinary growth," HashKey Group Chairman and CEO Dr. Xiao Feng said in the market predictions post published Tuesday evening.
It comes as Bitcoin reclaimed the $100,000 level earlier on Wednesday as inflation numbers and CPI data were released.
That followed a volatile week in which expectations surrounding the macroeconomic data resulted in significant institutional outflows.
HashKey Group's top prediction sees the narrative for Bitcoin as "digital gold" continuing well into this year, projecting a crypto market capitalization of $10 trillion before the year ends. Crypto’s market cap sits at roughly $3.64 trillion, according to CoinGecko.
Too Soon? Bitcoin Price Spike to $200K Is 'Achievable' in 2025, Says Analyst
Not long after Bitcoin’s climb past $100,000, some analysts are predicting that the asset’s price could double in a year’s time. In a Thursday research note, Standard Chartered’s Global Head of Digital Assets Research Geoff Kendrick wrote that Bitcoin’s record-setting rally has been bolstered primarily by flows from institutional investors, who are flocking to spot ETFs. Meanwhile, the laser-eyed, Bitcoin-buying firm MicroStrategy has been vacuuming up the asset at a faster-than-expected clip. “...
Modest prospects
Maelstrom Fund CIO Arthur Hayes recently predicted a crypto market peak between mid to late March, citing a "positive dollar liquidity environment" as the "Trump dump" from December levels off.
"Bitcoin’s decentralized, inflation-resistant nature challenges the dominance of gold and U.S. Treasury bonds," Ben El-Baz, Managing Director of HashKey Global, told Decrypt.
These attributes, El-Baz explained, are key to "speeding up the financial system's diversification and digitization.”
Meanwhile, HashKey's survey also predicts that Wall Street's involvement in crypto could drive a "digital oil" narrative for Ethereum, which it predicts could reach around $8,000 by the end of the year.
With "concerns over inflation, currency devaluation, and geopolitical instability" on the rise, El-Baz points to Bitcoin as a long-term investment that could attract "institutional investors seeking diversification."
HashKey also sees Security Token Offerings, exchange-traded funds, and Central Bank Digital Currencies as key drivers that could collectively bring some $3 trillion in fresh capital to crypto markets.
Bitcoin Hitting $200,000 in 2025 Is a 'Conservative' Bet: Bernstein
The price of Bitcoin might have taken a hit in the last couple days, but analysts at Bernstein are still convinced that the leading cryptocurrency has a lot of room to grow in the next year or so. In a Wednesday report from the global investment firm, analysts Gautam Chhugani, Mahika Sapra, and Sanskar Chindalia wrote that they believe the biggest digital coin will hit $200,000 by the end of 2025. And that’s being "conservative," they said. “With accelerating institutional adoption, we expect...
Riding the wave
This institutional wave follows the approval of several U.S. spot Bitcoin ETFs a year ago and growing interest in corporate treasury diversification led by MicroStrategy.
Countries worldwide are also jumping on the bandwagon with considerations for stockpiling Bitcoin as a national reserve.
Supporting those bullish projections, ARK Invest's December 2024 Bitcoin report highlights strong underlying market fundamentals.
Bitcoin Price Could Skyrocket to $52 Million by 2050, Says VanEck—Here's Why
Bitcoin to the moon? Prestigious asset manager VanEck certainly thinks so: the New York City-based firm said in a report this week that the biggest cryptocurrency by market cap could hit a price of more than $2.9 million per coin by the year 2050. And that’s not even the bullish prediction. The firm’s digital assets research team added that if current reserve currencies continue to decline in importance, Bitcoin becomes an attractive option as a result, and scaling networks improve, then the as...
"All post-halving years have ended with positive returns. 2025 is a post-halving year," ARK wrote.
While on-chain metrics present a mixed picture with signs of the derivatives market overheating, broader economic tailwinds show that "short-term overheated conditions" in the Bitcoin market could continue, ARK added.
Notably, over 62% of Bitcoin's circulating supply has remained unmoved for over a year, data from ARK’s report shows, indicating robust behavior among Bitcoin investors to continue to hold the asset.
Editor's note: Updated to include comments from HashKey
Edited by Sebastian Sinclair
