Blockware: The price of Bitcoin could potentially quadruple to $400,000 by the year 2025
Cryptocurrency mining company Blockware suggests that the price of Bitcoin could potentially quadruple by 2025, or in the worst-case scenario increase by 58%, depending on Donald Trump's strategic Bitcoin reserve plan and Federal Reserve policies. Blockware states that if Trump "does not implement" a strategic Bitcoin reserve plan, then a bear market target of $150,000 is possible. The industry hopes this outcome will occur early in Trump's term.
As a "base case", Blockware's target is $225,000, assuming the US government converts its held Bitcoins into strategic reserves and the Federal Reserve cuts interest rates as scheduled while businesses continue to adopt Bitcoin at "the current rate". Blockware indicates that if these three factors align, a bull market situation with a Bitcoin price of $400,000 is possible.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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