Janice R. Andrews
Bitcoin Closes 2024 Strong, Eyes 2025 Growth
Bitcoin (BTC) experienced a quiet December, maintaining a steady performance for the month but still on track to achieve significant gains for 2024. Early Tuesday, Bitcoin saw a 1.4% increase, reaching $95,394, fueling hopes for a strong 2025.
Alex Thorn, research head at Galaxy Digital, forecasts a surge in Bitcoin’s value driven by a mix of institutional, corporate, and nation-state adoption. The key to this optimism lies in the incoming U.S. leadership. President-elect Donald Trump, who once criticized Bitcoin, now plans to establish a Bitcoin strategic reserve. Trump’s appointment of crypto advocate Paul Atkins as the new SEC head also sparks enthusiasm among investors.
The continued rise of Bitcoin exchange-traded funds (ETFs) is another factor bolstering hopes for 2025. These investment vehicles have opened the door for easier access to digital assets, drawing interest from both institutional and retail investors.
While the future is never certain, especially with the volatility of crypto markets, many are optimistic about the role of new policies and the growing influence of ETFs in supporting Bitcoin’s growth.
With supportive leadership, the expansion of ETFs, and broader adoption, Bitcoin enthusiasts are excited for a potential rally in 2025.
