Amid what has been an unprecedented year for the leading cryptocurrency, Bitcoin has around a 50% chance to reach a $100,000 all-time high by the end of the year, data shows. The move would be a continuation of a legendary bull run that had the asset approach the landmark price earlier this week.
There are high hopes for how the asset could perform over the next two months. However, there are even greater expectations for its performance in the coming year. Indeed, analysts are awaiting “the mother of all bull markets” when the calendar turns to 2025. Where the asset ends in December, however, could inform the market of how the asset will perform over the next twelve months.
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Bitcoin Eyeing $100k Before 2025: Why It Is Headed to the All-Time High Regardless
2024 has been the biggest year in the history of the cryptocurrency industry. Indeed, the asset class has skyrocketed, led by Bitcoin, as the token has proven to be the rising tide lifting all boats. November has been specifically game-changing, with BTC increasing more than 39% in the last 30 days, according to CoinMarketCap.
Now, options data shows that Bitcoin has a 50% chance of reaching $100k by the end of the year. Indeed, almost half of BTC options traders have bet on the landmark price point to be achieved before 2025 arrives. That has continued despite the recent correction that has seen the leading crypto fall below $95,000.
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“Interestingly, the likelihood of BTC exceeding $100,000 has risen to 45% from last week 34%, with a new 4% probability of surpassing $150,000,” DeFi protocol founder Nick Forster said according to a CoinTelegraph report. Still, there is an expectation that the asset will surge in the coming year. Moreover, that is expected to take place regardless of how it ends in December.
The CEO of Nansen AI, Alex Svanevik predicted 2025 to be the “mother of all bull markets,” or the “biggest crypto bull ever.” Indeed, the statement was made along with nine other predictions for the digital asset market heading into next year. Among them, he also noted that the Bitcoin ecosystem specifically will “continue to flourish.”
Alongside that, extensive investment should continue to flood into the asset class. There are discussions across various countries that a strategic Bitcoin reserve is in development. Indeed, the United States remains at the top of that list. US Senator Cynthia Lummis previously said Trump could approve the BTC reserve plan in his first 100 days.