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Bitcoin could reach $150,000 by mid 2025 as FOMO drives demand

Bitcoin could reach $150,000 by mid 2025 as FOMO drives demand

GrafaGrafa2024/12/13 05:40
By:Liezl Gambe

Bitcoin (CRYPTO:BTC) is projected to soar to $150,000 by mid-2025, driven by surging FOMO and increasing institutional investment. 

Nigel Green, CEO of Devere Group, made this prediction shortly after Bitcoin surpassed the $100,000 mark for the first time last week. 

Bitcoin is up an astonishing 134% year-to-date,” Green noted, highlighting the favorable conditions fueling its rise. 

He believes that growing investor FOMO (fear of missing out) and heightened institutional investment will propel Bitcoin's price to $150,000 by mid-2025. 

“This dual momentum is fueling the crypto market’s resurgence and establishing bitcoin as a ‘must-have’ asset in portfolios,” he stated.

Institutional buy-in has been transformative, with financial institutions increasing their exposure to Bitcoin through direct holdings, exchange-traded funds (ETFs), and partnerships with crypto firms. 

This activity has boosted liquidity and credibility in the market. 

Green explained that the $100,000 level acts as a psychological trigger for investors eager to capitalize on the rally: 

“As bitcoin achieves new highs, it creates a snowball effect. Investors rush in to capture gains, pushing the price higher and attracting even more participants.”

Additional factors contributing to Bitcoin's appeal include persistent inflation and geopolitical uncertainty, enhancing its status as a safe-haven asset. 

Green also pointed out that regulatory developments under Donald Trump’s presidency could provide greater clarity and confidence in the market.

While he acknowledged potential short-term sell-offs, Green expressed optimism about Bitcoin's future, concluding that a perfect storm is brewing for Bitcoin to potentially hit $150,000 by mid-2025. 

At the time of reporting, the Bitcoin price was $99,972.11.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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