Georgii Verbitskii forecasts Bitcoin could hit $180,000 by 2025 due to more traders and a supply shock.
Georgii Verbitskii, the founder of the TYMIO decentralized finance platform, has predicted that the price of Bitcoin might reach $180,000 by the end of the year 2025.
Before the inauguration of President-elect Trump on January 20, 2025, Verbitskii predicted that the price of Bitcoin will be somewhere between $100,000 and $120,000 by the end of 2024 or the beginning of 2025.
“Bitcoin’s price can double during this bull run and has the potential to reach the $180,000 threshold. This takes time — we may witness this level closer to the end of 2025. The peak of this cycle could reach much greater levels as we progress into the next two years.”
According to the founder of TYMIO, Bitcoin might reach $180,000 by the end of 2025 as a result of an increase in the number of traders participating in the market.
Verbitskii, on the other hand, encouraged traders to appropriately manage risk by diversifying their positions, executing transactions through limit orders, and making use of options in order to avoid the devastating impacts of sudden market downturns.
“Bitcoin becomes scarcer because fewer coins are mined each year, plus many are lost over time due to forgotten passwords and misplaced wallets. This sets up the potential for a supply crisis, in which demand significantly outstrips actual availability. In these circumstances the price could rapidly accelerate — pushing volatility to new, higher levels.”
Additionally, the founder of TYMIO predicted that future halving events, missing keys, and the decreased block subsidy from the half that occurred in April 2024 will cause a supply shock and maintain a high level of Bitcoin volatility.
In June of 2024, the Bitcoin exchange reserves, a statistic that measures the total quantity of Bitcoins available on exchanges, plummeted to a level unseen in three years. As the reserves held by Bitcoin exchanges continued to decrease, they reached yet another low point in August of 2024.
Increased demand from the recent US presidential election and other macroeconomic factors further stressed the already limited supply of Bitcoin in November 2024.
In a recent statement, Jesse Myers, co-founder of Onramp Bitcoin, stated that these reasons were not the only things propelling Bitcoin’s price toward the $100,000 mark. He also pointed to the lower block subsidy as a catalyst for a Bitcoin supply shock.