Cryptocurrency Forecast: deVere CEO Predicts Bitcoin Reaching $150,000 by Year's Close
According to Nigel Green, CEO of deVere Group, Bitcoin (BTC) might reach eye-popping heights of $150,000 by the end of this very year. But what's driving this unconventional prediction?
Green's projection is rooted in US President Donald Trump's pro-crypto stance and the unavoidable economic turbulence caused by tariff policies. He believes that Trump's backing for digital assets, coupled with Bitcoin's "digital gold" identity, could lead to skyrocketing prices.
Uncertainty and Safe Havens
But it's not just Trump's crypto kudos that could fuel Bitcoin's ascent. Green also points to the turbulent waters created by tariffs, which might throw investors into a frenzy seeking secure haven assets. And guess what? Bitcoin could be riding the wave of popularity as a modern, viable alternative to the traditionally cherished gold.
"Bitcoin has the potential to do incredibly well," Green declared. "If Trump continues to promote crypto innovation while imposing tariffs, market uncertainty could peak. More folks may veer towards safe-haven assets, like Bitcoin as an alternative. For me, reaching $150,000 by the end of the year isn't far-fetched."
Bitcoin: The New Portfolio Diversifier
The narrative of Bitcoin as a 'store of value' has gained steam in recent times. With institutional investment on the rise and increased regulatory transparency, many investors now view Bitcoin as a hedge against economic instability.
Green's $150,000 forecast lines up with a general sentiment among industry apostles who see geopolitical events shaping price movements. So, will the rise of Bitcoin to such astronomical heights become a reality? Only time will tell.
While market forecasts remain unpredictable, Bitcoin enthusiasts and investors will keep a hawk's eye on the unfolding saga.
Enrichment Data:
- The current consensus among crypto experts for Bitcoin's potential price at the end of 2025 is varied, ranging from bullish to bearish forecasts.
- Positive outlooks suggest Bitcoin could touch $200,000 or more by the end of 2025, with analysts like Cathie Wood, ARK Invest CEO, backing the US government's supportive stance on crypto innovation [2].
- Standard Chartered predicts Bitcoin could reach $200,000 by 2025, with a more immediate target of $120,000 in Q2 [3][4].
- Other prominent predictions include Robert Kiyosaki projecting between $180,000 to $200,000 for 2025 [4], and a HashKey survey stating that half of its participants believe Bitcoin will surpass $300,000 in 2025 [2].
- Median predictions put average prices for May 2025 around $114,459.64, with possible drops to $96,465.64 or increases to $132,453.63 [1].
Although the tariff policies of President Trump and macroeconomic instability contribute to market turbulence, many industry leaders remain optimistic about Bitcoin's potential growth, citing its resilience and increasing mainstream recognition.
- Despite varied predictions among crypto experts, the CEO of deVere Group, Nigel Green, notably forecasts Bitcoin's potential price at $150,000 by the end of this year, driven by Trump's pro-crypto stance and economic turbulence caused by tariffs.
- Green also suggests that the rise of Bitcoin could be fueled by investors seeking safe-haven assets amidst economic instability, and Bitcoin's growing reputation as a modern, viable alternative to traditional assets such as gold.
- The narrative of Bitcoin as a 'store of value' has gained traction, with institutional investment on the rise and increased regulatory transparency, making Bitcoin an appealing hedge against economic instability for many investors.
- Green's $150,000 forecast aligns with a general sentiment among industry leaders who believe geopolitical events will shape price movements, though only time will tell whether Bitcoin will reach such astronomical heights.
