Top Bitcoin Price Predictions for 2025: What Experts Say

Bitcoin recently crossed $125,000, setting a new all-time high and igniting a wave of fresh predictions about how far it can go in 2025. Analysts and investment managers are weighing in with estimates that range from conservative to wildly optimistic. Most agree on one thing — the crypto cycle is far from over.

What Are Experts Predicting for Bitcoin in 2025?

Bitcoin’s 2025 price forecasts range widely — from $139,000 to as much as $1 million, depending on which expert you ask. Some long-term projections even stretch into the multi-million range. Here’s what the leading voices in crypto and traditional finance are saying.

Institutional Price Targets for Bitcoin

VanEck

Investment manager VanEck projects that Bitcoin could rise to $180,000 in 2025. The firm expects a continued supply-demand imbalance driven by institutional inflows and long-term holders accumulating BTC. Looking further ahead, VanEck suggests Bitcoin could reach $2.9 million by 2050 if adoption continues to expand globally.

Charles Schwab

Financial giant Charles Schwab has put forward one of the more bullish projections, predicting Bitcoin could reach $1 million. The firm cites Bitcoin’s growing recognition as a macro hedge and digital reserve asset among high-net-worth investors.

Standard Chartered

In its latest digital asset report, Standard Chartered projects Bitcoin could reach $200,000 in 2025. The bank points to rising institutional demand, ETF approvals, and a shrinking supply after the recent halving as key drivers.

Bitcoin Predictions from Veteran Investors

Tim Draper

Venture capitalist Tim Draper, an early Bitcoin supporter, maintains his long-standing forecast of $250,000 by the end of 2025. Draper argues that Bitcoin’s decentralized nature and increasing use as a cross-border payment asset will sustain its price growth.

Mike Novogratz

Billionaire investor Mike Novogratz, founder of Galaxy Digital, also foresees Bitcoin reaching $1 million, though he warns that such outcomes rely heavily on continued institutional adoption and favorable macroeconomic conditions.

Chamath Palihapitiya

Venture capitalist Chamath Palihapitiya believes Bitcoin could reach $500,000 by October 2025. He later added that BTC could hit $1 million by 2040, positioning it as a long-term hedge against fiat currency debasement.

Analyst and Trader Forecasts

Ali Martinez

Prominent analyst Ali Martinez has a near-term target of $139,000 for Bitcoin. He points to the MVRV pricing bands — an on-chain metric that tracks market value relative to realized value — as evidence that Bitcoin’s recent breakout above $117,000 signals room for another rally.

Jelle

Crypto investor Jelle expects another strong Q4 rally for Bitcoin, forecasting a year-end target of $195,000. He cautions, however, that this could be the final major leg of the current crypto cycle, advising traders to consider taking profits.

Castillo Trading

Analyst Castillo Trading expects Bitcoin to reach between $160,000 and $170,000 this cycle. Their projections are based on key market indicators such as BTI, NUPL, and Puell multiple, which suggest the market remains mid-cycle.

Crypto Tony

Market analyst Crypto Tony, known for applying Elliott Wave Theory, predicts Bitcoin will reach $155,000 in December 2025. He sees a subsequent correction phase beginning in 2026, typical of the post-peak cycle behavior.

John Glover, Ledn

John Glover, CIO at crypto financial services firm Ledn, believes the current retracement — a 4% drop to under $112,000 — is a normal mid-cycle pause. He projects a rally to $135,000–$140,000 by late 2025. Glover’s analysis also uses Elliott Wave modeling, which suggests Bitcoin remains on track to complete its fifth wave upward.

Tom Lee, Fundstrat Global Advisors

Tom Lee projects Bitcoin could reach $250,000 in 2025. He’s also known for a long-term target of $3 million, driven by scarcity, global adoption, and the continued inflow of institutional capital.

The Macro Factors Behind Bitcoin’s Price Outlook

Several key themes shape these projections:

• ETF adoption: Spot Bitcoin ETFs have unlocked institutional access, leading to record inflows in 2025.
• Halving effects: Reduced block rewards continue to limit new BTC supply.
• Monetary policy: High interest rates are slowing traditional markets but supporting Bitcoin’s narrative as a store of value.
• On-chain metrics: Indicators such as NUPL and MVRV show that the market is not yet overheated.

Worth noting, the broader concern is that crypto prices are primarily sentiment-driven. Unlike equities, Bitcoin doesn’t produce earnings or dividends, so its price is tied largely to perception and liquidity. That makes predictions inherently uncertain, regardless of the model used.

Conclusion

Even with the current pullback below $120,000, most experts agree Bitcoin’s long-term trajectory remains upward. Predictions differ, but they collectively highlight how sentiment, institutional activity, and macro trends shape Bitcoin’s path. Whether it reaches $140,000 or $1 million in 2025, Bitcoin continues to represent both risk and opportunity — a reflection of its volatile nature.

Resources:

1. Bitcoin Still on Track for $140K This Year, But 2026 Will Be Painful: Elliott Wave Expert - report by CoinDesk: https://www.coindesk.com/markets/2025/08/04/bitcoin-still-on-track-for-usd140k-this-year-but-2026-will-be-painful-elliott-wave-expert

2. Bitcoin may still have steam for $250K this year: Fundstrat’s Tom Lee - report by CoinTelegraph: https://cointelegraph.com/news/bitcoin-price-prediction-250k-still-possible-fundstrat-tom-lee

3. VanEck’s 10 Crypto Predictions for 2025: https://www.vaneck.com/us/en/blogs/digital-assets/matthew-sigel-vanecks-10-crypto-predictions-for-2025/

4. Tim Draper predictions: https://www.youtube.com/watch?v=nLwccIuW2mI

5. Charles Schwab Predicts Bitcoin Could Reach $500K to $1M If Trump Establishes $7 Trillion Reserve, Advises 10% Portfolio Allocation: https://thedefiant.io/news/tradfi-and-fintech/charles-schwab-predicts-bitcoin-reach-500k-to-1m-trump-establishes-7-trillion-10-1056f043