Bitcoin

How High Can Bitcoin Go This Year?

By Aidan Carney Skytt Updated  June 3, 2025

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Summary

  • The argument that Bitcoin is digital gold isn’t going away—if anything, it’s gaining strength as more people around the world adopt it and echo that narrative.
  • There is a very strong correlation between global liquidity and Bitcoin price. Liquidity has been on the rise in the last couple months and Bitcoin’s price has followed suit.

A New All Time High 

Bitcoin recently surpassed $111,000 and continues to climb. With a new record in the books, it’s natural to ask: How high could it go by year-end? Today, we’ll explore the bull case for Bitcoin in 2025 and beyond.

What drove Bitcoin to this point? 

Before setting a new target, let’s look at what pushed Bitcoin to its current level. Two main factors drove its recent rally:

  1. Bitcoin is Digital Gold: In times of uncertainty, investors flock to stores of value like gold. Gold’s appeal lies in its scarcity and its insulation from policy shifts and geopolitical conflicts. In these turbulent times, it's not surprising gold recently hit an all time high. Bitcoin has earned the digital gold label. Its supply cap is immutable and fully transparent, it’s divisible and instantly transferable across borders, and you can even store it in your head. This makes it better than gold in many ways. As global tensions and market uncertainty have risen, Bitcoin’s digital gold narrative has helped it eclipse its previous highs.
  2. Liquidity: There is a very strong correlation between global liquidity and Bitcoin price. Liquidity has been on the rise in the last couple months and Bitcoin’s price has followed suit. 

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How will these actors affect Bitcoin price going forward? 

The argument that Bitcoin is digital gold isn’t going away—if anything, it’s gaining strength as more people around the world adopt it and echo that narrative. With rising global conflict and deep political divides, instability is likely to increase. In uncertain times, people look for safe places to park their money, and Bitcoin is becoming a popular choice. 

Global liquidity is also expected to continue rising, which historically pulls Bitcoin up with it. For investors watching closely, this is a major advantage—liquidity is a leading signal, meaning you can often anticipate Bitcoin’s next move by tracking it. With quantitative easing likely on the horizon, more money will enter the system, and much of that capital will flow into assets like Bitcoin.

Other Arguments to Consider 

The U.S. government has shown interest in buying Bitcoin at the federal level to establish a strategic reserve. Several states are also working to pass legislation to create their own reserves. Around the world, other governments have already started accumulating Bitcoin and are looking to expand their holdings.

At the same time, major institutions like BlackRock are buying Bitcoin in $100 million clips.. The people who shape global markets are making it clear: Bitcoin is here to stay, and they’re positioning accordingly. This is your chance to front-run the U.S. government (NFA).

My Bitcoin Price Targets

My base case is that Bitcoin will hit $150,000 by the end of the year. If things really take off and we get a full-blown crypto summer, I wouldn’t be surprised to see Bitcoin reach $200,000.

Looking further ahead, I believe Bitcoin will hit $1 million per coin within the next 10 years. You’re still early. Stay bullish.

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