Bitfinex Analysts: Bitcoin May Reach $200,000 in 2025

Reading Time: < 1 minute

On Tuesday, Bitcoin’s price surged to over $108,000 in New York, hitting a new peak of $108,135. This price increase reflects continued gains for the cryptocurrency, which has risen by 12% over the past week.

David Foley, co-managing partner of the Bitcoin Opportunity Fund, described this as “true price action,” indicating significant upward momentum.

The rise is partly attributed to companies like MicroStrategy, a recent addition to the Nasdaq 100. Michael Saylor’s company, primarily a software firm, has become a major Bitcoin investor and the world’s largest corporate buyer of the cryptocurrency, making its stock a proxy for Bitcoin’s performance.

MicroStrategy recently announced the purchase of an additional 15,350 Bitcoins for approximately $1.5 billion. Analysts are forecasting a potential surge to as high as $200,000 for Bitcoin by mid-next year. Bitfinex analysts have stated their minimum price target for Bitcoin remains between $140,000 and $200,000 around mid-2025.