BTC - Is Bitcoin on Track to Hit $100000 by 2025?
2024-07-21 09:17:00 ET
Bitcoin (CRYPTO: BTC) has had an interesting year. From the start of 2024 to its all-time high on March 14, Bitcoin jumped 73%. But it's been a pretty choppy four months since then. Bitcoin has had a nice run in the past couple of weeks, but it's currently 12% off that peak price (as of July 18).
The bulls are hoping that a breakout can happen. With that being said, is the world's leading cryptocurrency on track to reach $100,000 sometime in 2025, setting a new record and breaking the psychologically important six-figure mark? Let's see if that 52% gain (from today's price) is a possibility.
Less than two years ago toward the end of 2022, Bitcoin's price was under $16,000. That year was a difficult one for risk assets, a category that cryptocurrencies and stocks fall in. But it's been remarkable to see Bitcoin's ascent since then.
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Is Bitcoin on Track to Hit $100,000 by 2025?