The experts of the sector are making their predictions regarding the future price of cryptocurrencies. Jeff Kendrick, head of digital asset research, claims that if prices rise, a large portion of sales will come from long-term holders who will benefit from the growth. Meanwhile, when prices drop, sales tend to skew towards short-term holders who are selling at a discount. The global market is expected to reach new historical levels between 200,000 and 250,000 dollars by the end of 2025.
According to Joe Yerka, head of the global markets department at Cedra Markets, many analysts predict that Bitcoin will reach significant levels, particularly following this cryptocurrency's successful appearance in 2024. He also notes that Donald Trump's return to the White House may have a significant impact on the market, given his support for cryptocurrencies and the easing of recent regulations. Should he win, there may be an intensification of the current wave of activity in the market due to economic downturns.
Standard Chartered Bank warns that cryptocurrency sales may increase if Bitcoin drops below the $90,000 mark, acknowledging the real risks of this scenario. According to the head of the digital assets research department, the fall to $90,000 for Bitcoin could cause prices to drop by 10% over the next period down to $80,000. The trading capitalization of the Trump currency has increased rapidly, surpassing $15 billion before a significant drop.
The Trump digital currency continuously disrupts the cryptocurrency sector, withdrawing significant assets from Bitcoin and other major cryptocurrencies, attracting criticism from industry representatives. It is worth noting that "meme-coins" lack economic or transactional value and are typically viewed as purely speculative assets.
The changing tone of Federal Reserve President Jerome Powell, who indicated that cryptocurrencies do not pose a threat to the dollar and serve as a means of preserving value, has significantly improved prospects for Bitcoin.
The emergence of the Trump cryptocurrency has sparked interest in other cryptocurrencies in the market. Late Friday night, news about this was officially announced on the president's accounts on the platforms "X" and "Truth Social", which additionally boosted the cryptocurrency market. Preliminary data from Bloomberg reported that Trump is considering the possibility of issuing a directive regarding the recognition of digital assets as a "national priority".
According to the general director of Hashkey Global, Ben Elbaz, the "meme" coins, represented by Trump and his team, have shaped a positive attitude towards Bitcoin, as investors expect Trump to prioritize this industry and support it.
Business Insider's analytical review states that cryptocurrency holders expect that Trump's actions to lift regulatory restrictions will lead to an increase in Bitcoin prices this year, but they may need to endure an intense selling wave in the first stages.
It becomes obvious that key factors influencing the market at this moment include SEC support for Bitcoin-related trading funds, which will ensure the legal backing of cryptocurrencies starting April 2024, attracting significant financial flows from large investment funds. The presence of large players in the sector significantly contributes to strengthening trust in the market and stabilizes prices at historical levels.
