A top executive at digital asset manager CoinShares makes a big price prediction for Bitcoin (BTC).
In a new CNBC interview, James Butterfill, head of research at CoinShares, says Bitcoin could eventually reach $250,000, an increase of more than 166% from its current value.
At $250,000 per Bitcoin, the flagship crypto asset’s total market cap would be about 25% of gold’s market share, up from about 10% currently – something that Butterfill says is not “unreasonable.”
However, Butterfill says he does not expect Bitcoin to reach $250,000 this year.
says Butterfill,
“However, the timing of this is very difficult and I don’t expect this to happen in 2025, but it will go in that direction.”
Instead, Butterfill predicts that Bitcoin could correct to $80,000 and reach a high of $150,000 in 2025.
Butterfill warns that Bitcoin could suffer a sharp correction if pro-crypto US President-elect Donald Trump does not enact favorable Bitcoin policies, as many expect him to do soon after he takes office later this month becomes.
“Disappointment with Trump’s proposed crypto policies and doubts about their implementation could trigger a significant market rise…
