As Bitcoin continues to recover from a significant decline, its price remains just below the $90,000 mark, struggling to break through the $88,000 resistance level as the first quarter of 2025 draws to a close.
Despite this, the cryptocurrency market is still anticipating a potential rally in the coming months.
Nigel Green, the CEO of deVere Group, a prominent global financial consultancy, has projected that Bitcoin could surge to $150,000 by the end of this year. He believes that this growth will be driven in part by the supportive stance that U.S. President Donald Trump has taken toward cryptocurrencies.
Green explained that Trump’s tariff policies could create economic uncertainty, prompting investors to seek out safer assets like Bitcoin. He suggests that many investors may turn to BTC as a digital equivalent of gold, seeing it as a safe-haven asset in times of global instability.
In Green’s view, Bitcoin’s potential to thrive is linked to both the broader macroeconomic landscape and Trump’s crypto-friendly policies.
He believes that, as gold traditionally benefits during uncertain times, Bitcoin could similarly attract investors looking for alternatives, driving its value up significantly in the process.
Bitcoin’s start to 2025 has been rough, marking its worst first quarter in seven years.
Metaplanet has significantly increased its Bitcoin holdings, cementing its position among the largest corporate BTC holders worldwide.
California is taking a bold step toward protecting cryptocurrency investors, with new amendments transforming an existing financial regulation bill into a dedicated digital assets framework.
Recently, Nilton David, Brazil’s director of monetary policy at the central bank, dismissed the notion of adding cryptocurrencies to the country’s foreign reserve assets, calling it an inappropriate strategy.