Bitcoin News: Potential Rally to $1 Million by 2025

Bitcoin's remarkable surge, currently 550% up from its cycle lows in November 2022, has sparked predictions of a monumental rally. Drawing parallels from the 2015-2018 cycle, where Bitcoin experienced a similar percentage increase, analysts are forecasting a potential 1,110% rise from its lows by March 2025. The peak is anticipated around October 2025, with prices potentially reaching up to $1.7 million. Coinbase CEO Brian Armstrong has also weighed in, predicting that Bitcoin could reach a multi-million price range, further fueling Optimism among investors.

Bitcoin's Potential Rally to $1 Million by 2025

Bitcoin has shown a significant increase, currently 550% up from its cycle lows in November 2002. Drawing parallels from the 2015-2018 cycle, where Bitcoin saw a similar percentage increase, analysts forecast a potential 1,110% rise from its lows by March 2025. The peak is expected around October 2025, with prices potentially reaching up to $1.7 million.

Coinbase CEO Predicts Bitcoin Will Reach Multi-Million Price Range

Coinbase CEO Brian Armstrong has made a bold prediction that Bitcoin (BTC) could eventually reach a multi-million dollar price range. He emphasized the growing institutional adoption of Bitcoin as a key factor that could drive its value to such heights. Armstrong also highlighted the importance of Bitcoin reserves for facilitating capital Flow into the U.S. and expressed his belief that Bitcoin will become the new global gold standard. Additionally, he noted the significant impact of Bitcoin ETFs in attracting substantial inflows into the cryptocurrency market.

Bitcoin Price Forecast: Holds $105K mark as MicroStrategy adds 11,000 BTC, Trump pardons Silk Road creator Ulbricht

Bitcoin (BTC) trades around $105,000 on Wednesday after rebounding from the $100K support level the previous day. On Tuesday, Michael Salyor’s MicroStrategy (MSTR) announced that the firm had acquired 11,000 BTC worth $1.1 billion, and US President Donald Trump pardoned Silk Road creator Ross Ulbricht. A K33 report highlights that the market awaits crypto-specific executive orders in the coming week, which could be a key volatility source.

Trump Pardons Bitcoin Legend Ross Ulbricht: Why It Matters

On the second day of his second presidential term, US President Donald J. Trump issued a full and unconditional pardon for Ross William Ulbricht, a key figure in early Bitcoin history and the former operator of the now-defunct Silk Road marketplace. The move has ignited a wave of celebration among the community, which long viewed Ulbricht’s life sentences as emblematic of excessive punishment for a nonviolent, first-time offender. Trump stated that the pardon was in honor of Ulbricht’s mother and the Libertarian Movement, which supported him strongly. He also criticized the individuals involved in Ulbricht’s conviction, calling them 'scum' and linking them to the weaponization of government against him.

2 Key Indicators Suggest Bitcoin’s Price Could Soar to New Highs Soon

Following the US elections and the inauguration of President Donald Trump, Bitcoin experienced significant volatility, breaking through several barriers and reaching over $100,000 for the first time in December. Two major factors are now indicating a potential breakout rally for Bitcoin: increased whale activity and a robust network. Whale activity has been particularly notable, with large holders continuing to buy BTC, suggesting strong confidence in the cryptocurrency's future performance.