Will Bitcoin Hit $250k Before 2025 Ends? These Experts Think So

Over the past week, Bitcoin (BTC), the leading cryptocurrency, has experienced a nearly 3% price slump from around $117,800 to $113,000. Despite this price decrease, some industry experts remain bullish that the apex coin will still reach a trading price of $250,000 before the end of this year.

At the forefront of this bullish prediction are BitMEX’s co-founder Arthur Hayes and BitMine’s chairman Thomas Lee. Both shared their BTC price speculations in separate speeches at the ongoing Korean Blockchain Week (KBW) held in Seoul.

BTC to Hit $250,000

In a fireside chat with Cointelegraph, Hayes stressed that BTC’s price pump to $250,000 will be driven by increased liquidity in the market. Recall that the BitMEX co-founder mentioned $250,000 as a price target for the leading crypto asset in July. His latest comment reiterates his conviction about the price prediction.

He believes that the United States Federal Reserve’s recent rate cuts could play a role in driving bitcoin’s increase. The BitMEX’s co-founder expects the Fed to inject liquidity into the U.S. economy through quantitative easing (QE) and “unshackle the banks so that they can lend again and create more credit.”

In‌ conclusion⁠, Haye ⁠believes that with more money availab‍le and lower borrowing costs, Bitcoin will b‌ec‌ome more attractive to investors. Thus, this could lead to a significant increase in the digital asset’s price.​

Tom Lee also stressed the role of the Fed in driving BTC’s pump. While speaking at the KBW25 event, he expressed his expectations for BTC to attain a price range between $200,000 and $250,000.

“In the fourth quarter, seasonally bitcoin is strong. But now we have the Fed flipping dovish after being essentially hawkish all year. That’s a tailwind for bitcoin,” he said.

BitMine’s chairman is no stranger to price predictions. Earlier this month, he stated that BTC could hit $200,000 before the end of this year.

Will BTC Attain the Expected Price?

It remains to be seen if BTC will attain the expected price level. At the time of writing, the digital asset is valued at $113,200. This represents a mild 0.26% increase over the past 24 hours.

Following the Fed’s 25-basis-point rate cut last week, BTC experienced a notable price surge to nearly $118,000. With expected rate cuts and potential policies in the pipeline, the leading crypto may soon attain higher price levels.

The post Will Bitcoin Hit $250k Before 2025 Ends? These Experts Think So appeared first on Cointab.