Bitcoin is predicted to reach $ 120,000 in 2025

Fred Thiel, Chairman and CEO of Marathon Digital Holdings, emphasized that the upcoming doubling of bitcoin will double its value compared to gold. The expert stated this during a recent episode of The Pomp Podcast.

The growth of BTC $60,856.92 Bitcoin -2.74% Market capitalization $1.2 trillion VOL. 24 hours $1.35 billion will provide greater stability during market downturns, Thiel emphasized. «The one unique feature of bitcoin that stocks don’t have is the limited number of tokens.»

Traditionally, a halving of the number of tokens has led to a sharp increase in the value of BTC, compensating for the loss of miners' income. However, Thiel drew attention to the emergence of bitcoin exchange-traded funds (ETFs).

In his opinion, these financial instruments are likely to lead to greater liquidity and lower volatility. This will also make cryptocurrencies more attractive to institutional investors. This shift is further exacerbated by trading activity around ETFs, such as the shift from Grayscale options to options with lower fees.

As for a specific value outlook, Thiel expects WTS to reach ATH by the end of the third or early fourth quarter, after which a sell-off will begin that could drive its value down. According to Thiel, this trend will stabilize by the beginning of 2025, after which a gradual increase will begin. Thus, by the end of 2025, bitcoin could reach an ATH of $ 120,000.