TLDR
HashKey’s survey of 50,000 community members projects Bitcoin could exceed $300,000 in 2025, with 50% of respondents backing this prediction
Bitcoin recently reclaimed the $100,000 level amid new inflation and CPI data releases
Standard Chartered’s analysts suggest $200,000 is “achievable” in 2025, driven by institutional investor flows to spot ETFs
Bernstein analysts call $200,000 by end of 2025 a “conservative” estimate given accelerating institutional adoption
Over 62% of Bitcoin’s circulating supply has remained unmoved for over a year, showing strong holder sentiment
Bitcoin hit another milestone this week, breaking through the $100,000 level as multiple research firms and analysts project prices could reach $300,000 by the end of 2025. The surge comes amid growing institutional adoption and fresh economic data that continues to fuel the cryptocurrency’s upward momentum.
HashKey Group, a Hong Kong-based digital asset firm, released its annual market prediction report Tuesday evening, revealing that 50% of nearly 50,000 survey respondents expect Bitcoin to triple its current value within the year. The comprehensive study gathered input from retail investors, institutional players, and industry experts.
Dr. Xiao Feng, HashKey Group Chairman and CEO, highlighted the market’s robust growth potential in the report. The firm’s analysis points to several key factors driving the positive outlook, including increased institutional participation and mainstream financial adoption.
Wall Street’s deepening involvement in cryptocurrency markets represents a marked shift from previous years. Major financial institutions have expanded their crypto service offerings, with several spot Bitcoin ETFs now trading on traditional exchanges. This development has created new channels for institutional capital to flow into the market.
Standard Chartered’s Global Head of Digital Assets Research, Geoff Kendrick, released a research note Thursday suggesting that Bitcoin’s price could double from current levels. The analysis emphasized the role of institutional investors, particularly highlighting strong inflows into spot ETFs.
MicroStrategy, a prominent corporate Bitcoin holder, has continued its acquisition strategy at a pace exceeding market expectations. The company’s aggressive purchasing pattern has contributed to reducing available supply in the market.
Bernstein analysts Gautam Chhugani, Mahika Sapra, and Sanskar Chindalia published a report Wednesday describing a $200,000 Bitcoin price target as “conservative.” Their analysis points to accelerating institutional adoption as a primary driver for potential price appreciation.
The current market dynamics show strong holder behavior, with ARK Invest’s December 2024 report revealing that over 62% of Bitcoin’s circulating supply has remained unmoved for more than a year. This metric suggests long-term investors maintain conviction in the asset’s future prospects.
Arthur Hayes, Maelstrom Fund CIO, predicts a crypto market peak between mid to late March, citing favorable dollar liquidity conditions as previous market turbulence from December stabilizes.
HashKey’s survey also addressed Ethereum’s prospects, projecting a price target of around $8,000 by year-end. The firm suggests Wall Street’s involvement could foster a “digital oil” narrative for the second-largest cryptocurrency.
The report identifies several potential catalysts that could bring additional capital to crypto markets, including Security Token Offerings, exchange-traded funds, and Central Bank Digital Currencies. HashKey estimates these factors could collectively attract approximately $3 trillion in fresh capital.
ARK Invest’s latest Bitcoin report notes that all post-halving years have historically ended with positive returns, with 2025 being such a year. This pattern adds another layer of support to bullish projections.
The cryptocurrency’s market capitalization currently stands at roughly $3.64 trillion, according to CoinGecko data. HashKey’s top prediction sees this figure reaching $10 trillion before year-end, supported by the continued strength of Bitcoin’s “digital gold” narrative.
While derivatives markets show some signs of overheating, ARK’s analysis suggests these “short-term overheated conditions” could persist due to broader economic tailwinds.
Bitcoin’s latest price movement coincided with the release of inflation numbers and CPI data on Wednesday. This followed a volatile period where macroeconomic expectations led to institutional capital movements in the market.
