Five crypto experts predict where bitcoin will go in 2025 after it hit $100,000

As Bitcoin hits a new record price of $100,000 (£78,500), the big question is: what happens now?

Two years ago, the original cryptocurrency was worth less than $17,000 (£13,300) a coin. By last week it had broken through the $100,000 barrier and is now just shy of that amount.

So does this rocketing value of Bitcoin herald an exciting new opportunity to make a lot of money – or is it set for a tumble that could lose traders huge sums?

We ask five crypto experts to peer into a crystal ball to tell us the peak price they think Bitcoin will hit next year and their strategy to buy if there is a dip.

$120,000 at the end of January

Glen Goodman, author of bestselling book The Crypto Trader, believes the best years for Bitcoin soaring in value could be behind us – and making money in the future may not be so easy.

He says: ‘I follow trends and by my calculations Bitcoin could be peaking at about $120,000 towards the end of January. This might well be a high point – as it then passes a theoretic red line that by my calculation goes above an expected trend. At this time, it may be time to sell.’

One thing you learn with crypto is humility. You can get it spectacularly wrong, says Glen Goodman

Following previous Bitcoin trends, Goodman believes cryptocurrency could then fall in value by as much as two-thirds in 2025. 

He adds: ‘I am not looking to put any more money into Bitcoin next year and believe the day after Donald Trump won the US presidential election could have been the last great opportunity to benefit from a leap in value. But I cannot discount making short-term bets if something unusual happens.

‘Trump is an unpredictable character, and you never know what is around the corner. For example, if he falls out with Elon Musk, and cryptocurrencies tumble in price then a potential buying opportunity may present itself if it starts climbing again.’

He adds: ‘I hope to buy when prices start rising and sell when they go down. But one thing you learn in this game is humility. You can get it spectacularly wrong. Crypto may just be a passing fad or turn out to be the new digital gold where it continues to go up like a precious metal. No one knows what is going to happen – no matter how much they might claim to be an expert.’

$200,000 in the next four months

Petr Chromy, a cryptocurrency trader and IT engineer who has been trading for more than a decade, believes further significant rises are on the horizon – followed by a huge fall. 

He says: ‘In the next four months Bitcoin could continue to rise – to perhaps as much as $200,000 [£157,000]. But if it hits $160,000 [£125,000], I will sell my entire stock of Bitcoin because I fear such a surge can only be followed by a huge fall. 

‘It may sound surprising, but I think it could tumble to as low as $30,000 [£23,000] later in the year – which is when I would buy again because I have already cashed in and have the money in reserve. I currently hold about £30,000 in cryptocurrency.’

Chromy adds: Knowing when to sell is important as you need the reserve to re-invest again when the time is right.’

The trader warns against getting too emotional about Bitcoin – as this can be dangerous. 

He says: ‘A good place to start might be to open an account with a trader such as MetaMask or Exodus. Initially, rather than putting in money, learn about the market without spending anything. Watching price trends by looking at trader websites costs you absolutely nothing – and the knowledge you learn can be priceless.’

He warns that it is a market in which you can easily get obsessed. 

Chromy says: ‘Once you find yourself losing sleep – staying up into the early hours watching the price movements – this is an indication you are getting dangerously addicted – and the emotions of greed and fear take hold and cloud your judgement.

‘Crypto should not be viewed as an investment – but as a gamble. When you start to get cocky and think you are ahead of the game you are most likely to come unstuck. 

‘Emotions can be dangerous and with Bitcoin topping $100,000 the heart can rule the head. Always be wary of buying out of greed – or selling in a panic. Treat it as money you can afford to lose.’

Does this rocketing value of Bitcoin herald an exciting new opportunity to make a lot of money?

Petr did not expect Bitcoin to soar so high when he first put money into the cryptocurrency in 2017 when he purchased £400 worth when it was $5,000 a Bitcoin. 

He says: ‘A couple of years later it was trading at $10,000 but I was more than happy to cash out – using the money to go travelling with my partner. 

‘Of course, if I had sat on this money, I would be far richer now – and there is nothing to say it will not skyrocket again next year.

‘But my strategy is to set limits and not go too crazy. I have seen how greed has also led to people being scammed with new crypto launches and unhappiness as people get obsessed. Remember, just like roulette, the house always wins. Making money in this game is viewed as a bonus.’

$250,000 in the next six to 12 months

Danny Scott, chief executive of crypto trading platform CoinCorner, believes the bull market for Bitcoin could continue for perhaps the next six to 12 months – with prices rising to as much as $250,000 [£196,000] or even higher.

But plotting historic behaviour, he believes that after 2025 values could tumble for the following couple of years by as much as 80 per cent. 

This would turn $100,000 into $20,000 – or if it peaked at $250,000 to $50,000. He believes Bitcoin will then rise again.

He says: ‘I remain bullish going into 2025 because President Elect Donald Trump seems keen on including cryptocurrency as part the US government’s economic strategy – though we have yet to see the details. 

‘Like many traders I prefer putting in small amounts regularly over time rather than trying to be clever and outfoxing the market by predicting the next big rise or fall. A typical trader might put it money maybe once a month – with an average purchase amount being perhaps £350. A modest trader might put an occasional £100 into Bitcoin.

The trading platform boss says the most popular day for traders to put money in Bitcoin is always a Wednesday – between 12.30pm and 2pm. This could be as a result of office workers trading during their lunchbreak. 

Scott adds: ‘I believe you should pay little attention to strategies for predicting the best time to invest, for example when the price will next dip. I have learned there is no point in losing sleep worrying about whether the price goes up or down in the short term. Much better to make regular payments because in the longer term so far – despite the rises and falls – Bitcoin has continued to go up in value over time.’

$280,000 in the next year

Chris Beauchamp, an analyst who studies cryptocurrencies at IG Markets, says: ‘Bitcoin smashing its way through $100,000 is likely to be a catalyst for a fresh wave of momentum buying – taking it to the next stop of $105,000 before $120,000 next year. 

‘But following trends of the past, where the value has risen by 1,600 per cent following a fall, so far we have only seen it go up by 500 per cent – so may have some way to go.’

Using this calculation, Beauchamp predicts the price could rise to $280,000 in the next year before falling again. He believes there is no time like the present to get involved – and no need to wait until 2025.

He says: ‘Anyone interested should only drip feed small amounts of money initially to get a better understanding of what is going on in the cryptocurrency market. For example, if you are thinking of putting in £500 then consider putting in £100 now to scratch that itch – and then wait until the New Year to see how it has fared by putting small amounts of money in regularly, such as every month, rather than one big lump sum. 

‘Bitcoin is not for those of a nervous disposition and in the short-term there are bound to be some choppy days. Do not get too obsessed by any volatility otherwise you could become a nervous wreck. If you want to get involved due to a fear of missing out, then you are doing it for the wrong reason.’

Beauchamp believes that values could remain high for the next few months because a growing number of traders are keen to keep their hands on the coins in the hope of future rises – meaning supply is currently constrained. He says about three-quarters of the just under 20 million Bitcoins in existence are held by long-term holders. Beauchamp adds: 

‘This group of people are known as “hodlers” – which stands for “hold on for dear life”. They got stick when markets were falling but at the moment their patience seems to have been paying off.

Price peak at the end of 2025 or early 2026

You have no consumer protection if something goes wrong, says Simon Peters

Simon Peters, analyst at crypto currency trading platform eToro, says that the pattern of price movement today displays similarities with what happened four years ago – in 2020, which was the last time there was a halving of Bitcoin. 

‘Four years ago, the price subsequently retreated by 17 per cent – a trend collectors might want to take note of,’ he says.

Halving refers to how the reward for successfully mining Bitcoin drops every four years. This year in April it halved from 6.25 Bitcoins to 3.125 Bitcoins. The number of Bitcoins will never exceed 21 million because this is how many have been programmed to exist – and the limited supply helps keep demand and prices high. So far almost 20 million have been mined. 

Bitcoins are ‘mined’ using super-powerful computers, which go through mathematical permutations in search of a hidden code.

Peters adds: ‘Almost four years ago, in the New Year of 2021, Bitcoin rallied to a new all-time high when it peaked at $69,000. Of course, we cannot predict what is going to happen in the current cycle, but it is interesting to see how the patterns frequently get repeated in Bitcoin price action. 

Bitcoin prices tend to peak 12 to 18 months after halving. This puts a timeline of the end of 2025 or early 2026 for when the peaks of the bull market occurs.’

For most investors the best way to obtain Bitcoin is through an online trader such as eToro and CoinCorner. You can buy using a debit or credit card. You do not have to buy a full Bitcoin but can purchase in fractions that are as small as a ‘Satoshi’ – one hundred millionth of a Bitcoin.

In return for the purchase you are given a unique code that is proof you own Bitcoin. You must not lose this. The currency is stored in a ‘virtual wallet’ where it can be viewed and traded. There is no actual physical money. Buying and selling cryptocurrency is trading, not investing, as there is a risk that you could lose your money. You have no consumer protection if something goes wrong or the value of your holding plummets.

• Have you made or lost a fortune through Bitcoin? Let us know at money@moneymail.co.uk