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<p>Top Bitcoin (BTC) bulls in 2025 have updated their price forecasts, and they range from a relatively cautious $130,000 to seven-figure moonshots.</p>
<p>Familiar doubters like gold bug Peter Schiff and economist Nouriel Roubini continue to predict a catastrophic ending for the world’s largest cryptocurrency. Meanwhile, Bitcoin spent the year with record-breaking rallies behind renewed institutional uptake.</p>
<p>It set a new all-time high of $111,970 on May 22 and has been trading near that level since, teasing investors with the possibility of a new ceiling.</p>
<p>Here are some of the boldest Bitcoin price predictions from the first half of 2025 (so far).</p>
<figure><img alt="Bitcoin has stormed back since dropping to 2025 lows of $76,300 in April. Source: CoinGecko" src="https://ipowercrypto.com/wp-content/uploads/2025/05/019716f1-5c8b-74e2-98f4-02241ca873d9-15.jpg" ></figure>
<h2>1. Adam Back says Bitcoin tops $1 million if US jumps in</h2>
<p>Blockstream CEO Adam Back said in November that Bitcoin could break $1 million “this cycle” if the US follows through with plans to establish a Strategic Bitcoin Reserve. In March, the White House did just that, though it has yet to be codified into law by Congress. </p>
<p>The Bitcoin Reserve Act treats the world’s first blockchain-based cryptocurrency as a digital gold-style reserve asset, using coins seized from criminal cases.</p>
<figure><img alt="Back says the $1 million prediction is the minimum target if the stars align. Source: Adam Back" src="https://ipowercrypto.com/wp-content/uploads/2025/05/019716f1-dabf-79f8-ab1e-813626694ee2-8.jpg" ></figure>
<p>US states have started laying the groundwork. New Hampshire broke the ice on May 6 by signing a Bitcoin reserve bill into law. Later in the month, Texas lawmakers advanced a bill to establish a strategic cryptocurrency reserve, backed by Governor Greg Abbott.</p>
<p>Speaking with Cointelegraph Magazine, Back gave a 2025 price target of “a few hundred thousand” dollars, citing renewed retail demand once roughly $16 billion in FTX bankruptcy repayments re-enter the market. He added that he is confident many of those investors will cycle back into the crypto market to fuel the next big rally.</p>
<h2>2. Smart money agrees on Bitcoin’s year-end target</h2>
<p>Several analysts have set $200,000 as their target for Bitcoin in 2025. Geoff Kendrick, global head of digital assets at Standard Chartered, has been one of the leading voices.</p>
<p>Kendrick said in an email note seen by Cointelegraph that Bitcoin is expected to hit $120,000 in the first half of 2025 en route to $200,000 by year-end, fueled by the rise of stablecoins.</p>
<p><em><strong>Related: </strong></em><em><strong>A Bitcoiner’s guide to South Africa’s Garden Route</strong></em></p>
<p>“The US Senate… voted 66-32 to advance the GENIUS Act,” Kendrick wrote in the email note. “The point of the stablecoin Act is that stablecoins will further legitimise the whole asset class. All boats will rise.”</p>
<figure><img alt="Standard Chartered is closely watching the growth of stablecoins as a potential catalyst for Bitcoin’s price rise. Source: Standard Chartered Research" src="https://ipowercrypto.com/wp-content/uploads/2025/05/019716f3-7725-788e-bacb-8c485c2d2c7f-8.jpg" ></figure>
<p>During a recent <em>Chain Reaction</em> X Spaces show hosted by Cointelegraph, other analysts weighed in with their 2025 outlooks. André Dragosch, head of European research at Bitwise, agreed with Kendrick’s $200,000 year-end target. Markus Thielen added that Bitcoin has historically moved in $16,000 price increments, placing its next key resistance around $122,000.</p>
<p>Anthony Scaramucci, founder of SkyBridge Capital and former White House communications director, also recently set his year-end target at $200,000 in a media interview.</p>
<h2>3. Novogratz eyes Bitcoin’s next price discovery range</h2>
<p>Former Goldman Sachs partner and Galaxy Digital founder Mike Novogratz remains one of the most prominent Bitcoin bulls in finance.</p>
<p>Novogratz built a personal fortune through early investments in Bitcoin and Ether (ETH), though he also famously backed the failed algorithmic stablecoin project that led to the multibillion-dollar collapse of the Terra ecosystem.</p>
<p><em><strong>Related: </strong></em><em><strong>Coinbase in S&P 500: More crypto firms to come?</strong></em></p>
<p>Following Galaxy Digital’s recent public listing, Novogratz appeared on CNBC to share his latest Bitcoin outlook. Compared to other bullish forecasts, he offered a relatively modest target ranging from $130,000 to $150,000, citing strong institutional flows, a weaker dollar and growing demand for digital assets as key drivers.</p>
<figure><img alt="Novogratz presents Bitcoin’s short-term price targets following Galaxy Digital’s May 16 public listing. Source: CNBC" src="https://ipowercrypto.com/wp-content/uploads/2025/05/019716f3-f6b1-7bf3-893e-152dce55cfb2-8.jpg" ></figure>
<p>“We had a euphoric top right around the inauguration,” Novogratz said. “Now, it looks like we’ll take out [$106,000-$108,000] and make the next flight to [$130,000-$150,000] and at that point you’re in price discovery.”</p>
<h2>4. Cathie Wood’s $1.5-million Bitcoin target</h2>
<p>Cathie Wood, CEO and chief investment officer of ARK Invest, set her bull case forecast for Bitcoin at $1.5 million by 2030, which would require a compound annual growth rate of 58% over the next five years. </p>
<p>In a YouTube video published in February, she cited rising institutional interest as the key driver. Wood and ARK Invest are known for placing high-conviction bets on disruptive technologies, including early investments in Tesla and Bitcoin.</p>
<iframe width="100%" height="315" src="https://www.youtube.com/embed/gXm8WwkL_QU?start=" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen loading="lazy"></iframe>
<p><em>Wood also highlights stablecoins as a key player in rising blockchain-based economies. Source: ARK Invest</em></p>
<p>Robert Kiyosaki, author of <em>Rich Dad Poor Dad</em>, gave another seven-figure call, but over a longer timeline than Wood.</p>
<p>In an April 18 X post, he said that Bitcoin will have broken $1 million by 2035, alongside gold at $30,000 and silver at $3,000 per coin.</p>
<figure><img alt="Kiyosaki’s 2025 prediction sits at $250,000 per Bitcoin. Source: Robert Kiyosaki" src="https://ipowercrypto.com/wp-content/uploads/2025/05/019716f5-0bbe-7732-897a-e131143480f5-8.jpg" ></figure>
<h2>5. Bitcoin to $250,000 by year-end if the Fed pivots to QE</h2>
<p>BitMEX co-founder Arthur Hayes said Bitcoin could soar to $250,000 in 2025 if the US Federal Reserve resumes quantitative easing (QE). </p>
<p>Writing in April, Hayes argued that Bitcoin is driven by expectations of fiat supply growth, and the Fed’s shift from quantitative tightening (QT) to easing would trigger a major rally.</p>
<figure><img alt="The DXY US dollar index is down 8.20% year to date. Source: TradingView" src="https://ipowercrypto.com/wp-content/uploads/2025/05/019716f5-8ddc-7a0e-86b7-62241f7508a6-8.jpg" ></figure>
<p>“If my analysis of the Fed’s major pivot from QT to QE for treasuries is correct, then Bitcoin hit a local low of $76,500 last month, and now we begin the ascent to $250,000 by year-end,” he wrote.</p>
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