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- Bitcoin price can soar as high as $150,000 per Michaël van de Poppe.
- Spot Bitcoin ETF market remains robust despite cautious bets from institutional investors.
Michaël van de Poppe, a popular analyst in the crypto space, has made a bold forecast for Bitcoin (BTC). The analyst forecasted that Bitcoin price will hit a new all-time high, rallying roughly 60% by 2025.
Michaël van de Poppe Bitcoin Forecast
In a recent YouTube video, the analyst predicted that Bitcoin would reach $150,000 in 2025. The analyst also highlighted that Bitcoin experienced an amazing performance in 2024, with its price crossing the $100,000 threshold.
He noted that Bitcoin recorded its first 2024 high in January following the launch of the spot Bitcoin ETFs. At the time, the coin’s price rose to as high as $73,000. The analyst claims Bitcoin’s surge in 2024 will extend into the coming year.
Van de Poppe states macroeconomic triggers will help propel Bitcoin’s surge. He pointed out that the global money supply is gradually increasing while the US money supply is lagging.
Van de Poppe claims the US will experience more economic challenges in 2025. He foresees the labor market becoming weaker and the possibility of a recession increasing. The analyst believes these combined scenarios will cause rapid expansion of the US money supply, leading to Bitcoin’s momentum.
However, Van de Poppe highlighted that Bitcoin will not have a smooth ride to the cycle peak. “I think the cycles are going to extend, and they are more based on macro perspectives rather than the four-year cycle with the whole thing,” said Van de Poppe.
He added that Bitcoin will stay in the $150,000 zone until the market expands into 2026. The crypto analyst expects a correction of about 30% to happen at the end of Q1 2025.
As of this writing, BTC’s price has been trading at $95,605, which is up by 3.8% in the last 24 hours. Daily trading volume also shows increased investor interest. This metric has increased by 17.8% to $54.8 billion, the largest in the market as of writing.
Other Price Predictions and Bitcoin ETF Market
Among many others, Van de Poppe has forecasted a bullish 2025 outlook for Bitcoin. CNF mentioned in an earlier update that crypto asset management firm Bitwise has predicted Bitcoin to hit $200,000.
The prediction also includes a $500,000 BTC target if the US follows Senator Cynthia Lummis’ proposal of building a strategic Bitcoin reserve.
While Bitcoin price appears to be recovering, the spot Exchange-Traded Fund (ETF) market remains subdued. According to Farside Investors data, the spot Bitcoin ETFs recorded outflows reaching $415.1 million on December 30. Fidelity’s FBTC saw the highest outflows, which came in at $154.6 million, followed by Grayscale’s GBTC with $134.5 million.
BlackRock’s IBIT also recorded outflows reaching $36.5 million. IBIT has clinched a new milestone despite the outflows, holding $52.4 billion in Bitcoin, per a CNF report.
