Can Bitcoin reach $250,000 in 2025? Decoding cryptocurrency’s future

Bitcoin hit a record high of $109,000 on January 20 continuing its stellar run so far this year. The world’s largest cryptocurrency had surpassed the $100,000 mark in early December 2024. The surge in Bitcoin’s price is being witnessed amid the crypto-friendly Trump administration taking over office in the United States. Bitcoin price soared 119% last year and crypto experts predict the bull run to continue in 2025 as well. Tom Lee, head of research at Fundstrat, recently said that Bitcoin might reach as high as $250,000 by the end of this year, according to USA Today. If his prediction turns into reality, then this would mean a 138% jump from its current levels of $1,04,982.6 per unit. Here’s a look at the factors that could affect the cryptocurrency’s price in coming months: