Bitcoin Could Reach $180K by End of 2025, Says TYMIO Founder

Bitcoin's price could soar to $180,000 by the end of 2025, according to Georgii Verbitskii, the founder of the TYMIO decentralized finance platform. Speaking with Cointelegraph, Verbitskii predicted that Bitcoin (BTC) will likely trade between $100,000 and $120,000 by the end of 2024 or early 2025, ahead of President-elect Trump's inauguration on January 20, 2025. He expects Bitcoin to continue its upward trajectory, with the potential to reach $180,000 toward the end of 2025 as more traders enter the market.

Verbitskii emphasized that Bitcoin's price could double in the current bull run, but warned that this climb will take time. The $180,000 target could be reached closer to the end of 2025, and the peak of this cycle could even surpass that, as the market evolves in the coming years. However, he also advised traders to manage risk carefully, recommending diversification, the use of limit orders, and options to mitigate the impact of any sudden market downturns.

A Potential Bitcoin Supply Shock

Verbitskii also pointed to a potential Bitcoin supply shock, driven by several key factors. First, the halving event in April 2024, which reduces the block subsidy, will result in fewer new Bitcoins being mined. Additionally, many Bitcoins are permanently lost each year due to forgotten passwords and misplaced wallets, further decreasing the total supply.

This combination of a reduced supply and growing demand could create conditions for a dramatic price increase. Verbitskii cautioned that this scarcity could lead to heightened volatility, as demand outstrips the available supply, pushing Bitcoin’s price even higher.

Recent data shows that Bitcoin exchange reserves have dropped significantly, hitting a three-year low in June 2024, and continuing to decline into August. As of November 2024, the already tight supply of Bitcoin is being further stressed by increasing demand, fueled by the US Presidential election and broader macroeconomic factors.

Jesse Myers, co-founder of Onramp Bitcoin, also highlighted that the decreased block subsidy is a critical factor driving Bitcoin’s price toward the $100,000 mark, alongside these other supply constraints.

In conclusion, the stage is set for Bitcoin’s continued rise, but Verbitskii warns traders to exercise caution in the face of heightened volatility and shifting market dynamics.