Bitcoin's Stellar Rally Sparks Bold Price Forecasts

After reaching a record high of $111,970 on May 22, Bitcoin continues to hover near unprecedented levels, fueling increasingly ambitious price projections from industry leaders. The cryptocurrency's 2025 performance — rebounding from April lows of $76,300 — has analysts divided between conservative six-figure estimates and million-dollar moon shots.

1. The Million-Dollar Scenario

Blockstream CEO Adam Back presents the most aggressive forecast, suggesting Bitcoin could surpass $1 million if U.S. policymakers fully embrace cryptocurrency reserves. His prediction gained traction after New Hampshire became the first state to establish a Bitcoin reserve on May 6, with Texas following suit later in the month. Back notes that 【$16 billion】 in FTX bankruptcy repayments could further fuel retail demand.

2. Institutional Consensus: $200K by December

Standard Chartered's Geoff Kendrick leads a chorus of analysts projecting $200,000 as Bitcoin's year-end target. During a recent industry discussion, Bitwise's André Dragosch and researcher Markus Thielen echoed this outlook, citing stablecoin legislation as a potential catalyst. ——The GENIUS Act's progress signals growing mainstream acceptance——, Kendrick emphasized in research notes.

3. Novogratz's Measured Optimism

Galaxy Digital founder Mike Novogratz offers a tempered perspective, predicting $130,000-$150,000 based on three key drivers: institutional inflows, dollar weakness, and digital asset adoption. His analysis follows Galaxy's Nasdaq listing, which he describes as a milestone for crypto industry legitimacy.

4. Wood's Long-Term Vision

ARK Invest's Cathie Wood stretches the timeline with a $1.5 million 2030 target, requiring 58% annual growth. Her February analysis highlights institutional participation as the primary accelerator, while author Robert Kiyosaki projects $1 million by 2035 in his recent social media commentary.

5. The Fed Factor

BitMEX co-founder Arthur Hayes introduces a macroeconomic wildcard, suggesting Bitcoin could hit 【$250,000】 if the Federal Reserve reverses its monetary tightening. His April analysis correlates Bitcoin's performance with fiat supply expectations, noting the dollar index's 8.2% year-to-date decline.

Diverging Views on Crypto's Future

While skeptics like economist Nouriel Roubini maintain bearish outlooks, the prevailing sentiment among analysts reflects growing confidence in Bitcoin's institutional adoption. As legislative developments and macroeconomic shifts continue unfolding, the cryptocurrency market appears poised for potentially transformative price movements in coming months.