Bitcoin's Path to $100,000: Why It's Very Possible in 2 Years

Bitcoin has had a bumpy road since its quiet launch in 2009. The groundbreaking digital currency has seen booms, busts, and fierce debates over its staying power. Yet today, Bitcoin is among the world’s top financial assets, with one BTC valued at around $38,000 by the end of 2023.

If multiple experts prove correct, Bitcoin still has a long runway to grow to $100,000 and beyond in the coming years. In fact, based on historical patterns and upcoming catalysts, it seems plausible that Bitcoin could reach six-figure prices by 2025.

Bullish experts predict $100,000 by late 2024/early 2025?

Several major financial figures expect Bitcoin to surpass $100,000 by 2025. Standard Chartered Bank believes that Bitcoin can reach this goal by the end of 2024. In April 2022, the bank predicted that Bitcoin would reach $100,000 due to its emerging status as a safe investment asset rather than just a speculative frenzy.

Standard Chartered reiterated its forecast in a follow-up report for November 2023, saying that "if everything goes as expected," Bitcoin will continue to climb to $100,000. The bank believes that the approval of a Bitcoin exchange-traded fund (ETF) in the United States could accelerate Bitcoin's rise to new highs.

Other experts believe that $100,000 could be achieved much sooner - before the end of 2023, although we believe that it is no longer reasonable that with only a month left before we say goodbye to 2023 and the price still hovering just below $40,000. Popular cryptocurrency trader Tone Vays expects global capital flows to trigger a rally to this milestone price point within a few months. Similarly, Jurrien Timmer of investment giant Fidelity Investments sees Bitcoin reaching $100,000 by December 2023, based on a supply and demand model, which are positive signs heading into 2024.

Clearly, there is optimism that Bitcoin will enter the rarefied market of over $100,000 sooner or later. Now let’s examine some of the key catalysts that could kick-start this lunar mission.

Is Bitcoin ETF Approval Coming Soon?

One possible trigger is the approval by U.S. regulators of several bitcoin exchange-traded funds (ETFs). These special funds will track the price of bitcoin for stock investors without having to buy the cryptocurrency directly.

In 2023, financial giants such as BlackRock, ARK Invest, Fidelity, and VanEck have all applied for Bitcoin ETFs. Other fund management companies such as Galaxy Digital, Valkyrie, WisdomTree, and Bitwise also have ETF applications pending approval. In total, there are about 10 independent Bitcoin ETFs awaiting approval from the U.S. Securities and Exchange Commission.

The SEC keeps delaying its decision on these filings, but with increased cryptocurrency regulation and consumer protection, it seems there is no reason not to allow a Bitcoin ETF. If approved, trillions of dollars in retirement funds, endowments, and institutional accounts could start flowing into Bitcoin — $100,000 worth of rocket fuel.

Bitcoin halving in 2024 will lead to tight supply

In addition to the surge in demand driven by ETFs, the changing supply dynamics surrounding Bitcoin itself could also drive prices higher heading into Bitcoin’s quadrennial halving.

Bitcoin’s network code cuts the mining reward for earning new bitcoins in half roughly every four years to limit the total supply. These “halvings” leave fewer coins for more users to chase after the limited bitcoins — a textbook condition for appreciation.

There have been three halvings (2012, 2016, 2020). After each one, Bitcoin went parabolic. For example, Bitcoin rose over 5,000% in the year following the 2012 halving! The next halving occurs in the spring of 2024. Therefore, as 2025 approaches, the inherent supply shock could trigger crazy price action, driving prices to $100,000.

Institutions joining?

Of course, no investment will climb indefinitely. Since its inception, Bitcoin has gone through four major boom and bust cycles, including multiple bear markets with peak-to-trough declines of more than 80%!

Yet, Bitcoin has managed to bounce back strongly from each winter, rewarding holders who weathered the storm. This proven resilience makes Bitcoin a fairly safe addition to the portfolio of serious investors. It’s no surprise that the heavy hitters are buying.

Major banks like JPMorgan Chase and Goldman Sachs now offer cryptocurrency services to clients. BlackRock, an asset manager worth about $10 trillion, is looking for bitcoin tools for clients. Payment giants like Mastercard want people to transact in cryptocurrencies. Even governments now hold bitcoin.

As institutional giants increase Bitcoin’s legitimacy, mass adoption is likely to spread further. The steady inflow of capital into the limited supply suggests that Bitcoin’s scarcity will become more pronounced by 2025.

Historical patterns point to 6 numbers?

Zooming out, Bitcoin has gained millions of percent since its inception, but compared to breakthrough technologies like the internet, it appears to be in the early stages rather than the late stages. Most people on the planet don’t own cryptocurrency yet. As the problem of government-backed cash persists, decentralized currencies like Bitcoin are more attractive to individuals and businesses.

If Bitcoin develops into a global alternative financial network for the digital generation, there is still a lot of room for growth. Visionary experts believe that the $100,000 milestone will mark Bitcoin's path to mass adoption.

In this context, a valuation of $100,000 by 2025 does not seem far-fetched based on historical patterns. Past halvings have preceded significant price increases. Meanwhile, bigBrain institutions continue to challenge the Bitcoin bar for the first time.

So as we prepare ahead of the 2024 halving and a possible ETF green light, Bitcoin appears well-positioned to break $100,000 in the next two years. Of course, predictions are not guaranteed. But this epochal Bitcoin bull run appears to be more of a structurally driven lottery than a blind gamble.

Conclusion: Is $100K just another mountain to climb on the way to Bitcoin summit?

Considering both short-term and long-term price catalysts and the public’s growing familiarity with Bitcoin, a solid case can be made that its valuation could exceed $100,000 before 2025 is over. In the big picture, this simply represents the latest milestone in Bitcoin’s journey, not any final destination.

While predictions of the future value of any asset remain imprecise, the outlook for Bitcoin looks very positive heading into the second half of this century. The upcoming ETF approvals appear likely to provide new fiat avenues for Bitcoin participation. Meanwhile, the 2024 halving could cap supply as awareness grows.

Make no mistake; unexpected events can throw off even the best predictions. But based on underlying market forces, Bitcoin’s ascent shows no signs of stopping. This makes $100,000 a realistic next target within two years, with the potential to reach six figures and beyond.