CoinShares Research Director: BTC is expected to rise to $150,000 next year, with a long-term target of $250,000

BlockBeats news, on January 1st, according to CNBC, James Butterfill, research director of CoinShares, an asset management company focusing on encryption, said that he expects the price of BTC in 2025 to be in the range of $80,000 to $150,000. Butterfill said that in the long run, he expects BTC’s market capitalization to rise from the current 10% to around 25% of the gold market share, which is not “unreasonable”. This is equivalent to a price of $250,000. However, he believes that this situation will not occur next year. “Although it is difficult to time, I do not expect it to happen in 2025, but the situation will move in this direction.” Butterfill believes that if his $80,000 forecast is realized, it may be the result of the failure of Trump’s promised pro-encryption policy. However, optimistically, Butterfill still expects a favorable regulatory environment in the United States next year to be the main driver of support for BTC prices. In 2023, CoinShares predicts that BTC will reach $80,000 in 2024.