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 could be on the verge of entering uncharted territory, according to a market analyst known for accurately predicting the pre-halving pullback last year.
SkyBridge Capital’s Anthony Scaramucci is signaling a shift in crypto investing, describing Bitcoin as increasingly behaving like a standalone asset class and endorsing Solana as a top candidate for ETF growth.
After weeks of intense institutional activity that helped push Bitcoin above $100,000, inflows into U.S. spot Bitcoin ETFs took a breather between May 6 and May 12.
Bitcoin’s rapid recovery beyond $104,000 has sparked a wave of optimism in crypto circles, but the bigger question remains: is this just the beginning?