Will Bitcoin Crash in 2025?
Bitcoin (CRYPTO: BTC) is back in the zeitgeist. For better or worse, the leading cryptocurrency is gaining popularity once again after seeing a massive price increase in 2024. After rising around 140% year to date (YTD), the price of Bitcoin has now broken through $100,000. Companies like are buying up Bitcoin for their balance sheets, while the incoming Trump Presidential administration is talking about building a Bitcoin strategic reserve.
The narrative around Bitcoin is extremely bullish at the moment. Smart investors understand that this has happened before. In 2013, 2017, and 2021, investors got increasingly optimistic about Bitcoin right before a price crash. Is the cryptocurrency setting up for another crash in 2025? Let's take a closer look at Bitcoin as we sit here in December 2024, and whether the cryptocurrency belongs in your portfolio today.
The skyrocketing rise of Bitcoin in 2024 can be boiled down to two influences. First, we have the approval of Bitcoin and cryptocurrency exchange-traded funds (ETFs) in January. Bitcoin ETFs have purchased tens of billions of dollars' worth of Bitcoin for clients this year, showing the demand for these products in the financial world. If you include MicroStrategy and its Bitcoin buying spree, there have been close to 700,000 Bitcoins purchased by institutions so far in 2024. That is 3.3% of the 21 million Bitcoins that will ever exist.
Source Fool.com
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