Cryptocurrency mining company Blockware said in its market forecast report that by 2025, the price of Bitcoin could rise fourfold, and in the worst case, it could still rise by 58%, depending on Trump's strategic Bitcoin reserve plan and Federal Reserve policy.
Blockware believes that if Trump "does not implement" the strategic Bitcoin reserve, then the bear market target price of $150,000 is possible, and the industry hopes that this result can be achieved in the early days of his administration.
Strike founder and CEO ack Mallers said that Trump is likely to issue an executive order on his first day in office to designate Bitcoin as a US reserve asset.
At the same time, Blockware said that even if the Fed "further reverses" the direction of rate cuts and long-term holders (addresses that hold BTC for more than 155 days) "aggressively" sell Bitcoin, the bear market target price is likely to be achieved.
Blockware added that if the following three factors go hand in hand, the price of Bitcoin has the potential to reach a "bull market" of $400,000:
First, as the consumer price index (CPI) declines, the Fed must take a "more dovish stance."
Second, corporate adoption of Bitcoin must accelerate, and one of the “Big Seven” — Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia, or Tesla — must add Bitcoin to its balance sheet.
Finally, the U.S. government must not only convert its existing Bitcoin holdings into a strategic Bitcoin reserve, but also accumulate more Bitcoin, although Galaxy Digital recently said that this outcome is unlikely. (Cointelegraph)
As a “base case,” assuming the U.S. government converts its Bitcoin holdings into a strategic Bitcoin reserve, the Federal Reserve cuts interest rates as expected, and corporate adoption continues at the “current pace,” Blockware sets a BTC price target of $225,000. (Cointelegraph)