Bitcoin (CRYPTO: BTC) started the year with an impressive All-Time High (ATH) of greater than $77,000 in March after the approval of Bitcoin ETFs by the US Security and Exchange Commission (SEC). However, BTC has a penchant for exceeding expectations. It shattered the high from earlier in the year on December 3 when it finally crossed the $100,000 mark and reached over $103,5000. Two weeks later, Bitcoin exceeded $107,000 and now sits at just over $92,000.
There are many reasons for Bitcoin’s growth and the burgeoning mainstream acceptance of the coin. Consistent global inflation and low interest rates have encouraged institutional and retail investors to look to BTC as a hedge against inflation. The re-election of Donald J. Trump and the announced resignation of Gary Gensler as chairman of the SEC have also helped foster optimistic sentiments among investors.
Trump nominated Paul Atkins as Gensler’s successor and Atkins has a reputation of supporting cryptocurrencies and creating a more open regulatory environment for digital assets stemming from his tenure as SEC Commissioner between 2002 and 2008.
Read Also: Bitcoin Price Decisively Back Below $100,000: What Is Going On?
In November, we spoke with investor and Bitcoin supporter, Tim Draper, who called for $120,000 BTC in 2024. Judging by MicroStrategy’s $5.4 billion BTC buy, Draper later said the estimate may be too low.
What do other experts in digital assets have to say about the trajectory of the world’s most famous cryptocurrency in the waning days of 2024? And where do they see BTC going in 2025?
We spoke with Grant Cardone of Cardone Capital, Caitlin Long of Custodia Bank, Anthony Scaramucci of Skybridge Capital, Sandeep Nailwal of Polygon and Dean Skurka of WonderFi to get their unique perspectives on the future of BTC.
Grant Cardone, Fund Manager / CEO Cardone Capital, CEO of Cardone Training Technologies, …Full story available on Benzinga.com
Exclusive Insights: Founders Of Polygon, SkyBridge, Custodia, WonderFi & Cardone Bullish On BTC in 2025
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