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2024 was a favourable year for Bitcoin. In late 2024, the BTC market achieved the milestone of $100K, triggering excitement in the entire cryptocurrency industry. In the last one year, the market has grown by over 85.8%. Currently, the Bitcoin price stands at $96,160.29. How will the market perform in 2025? At the time of writing, the market looks dull.
In the last 30 days, it has dropped by nearly 6.8%. Notably, a recent X post by Mike McGlone, an acclaimed commodity strategist, indicates that BTC may rise to $150,000 or fall to $50,000 this year. Interestingly, the post notes that each scenario could impact inflation, stock markets and Federal Reserve policies. Here is what to expect. Dive in!
Bitcoin at $150,000: A Stock Market Boom and Inflation
The commodity strategist predicts that if Bitcoin rises to $150,000, it will take the US stock market wealth to approximately $12 trillion.
The strategist believes that this kind of strong financial growth could lead to higher inflation.
In the scenario of high inflation, the Federal Reserve could be forced to introduce tougher monetary policies, including increasing interest rates.
At the start of this year, the Gold price was at $2623.70. Since then, the market has surged by 10.49%. During the same period, the Bitcoin market has experienced a minor growth of just 2.78%.
Bitcoin Market Overview
At the start of this year, the price of Bitcoin was $93,681.76. Though in the first six days of the year, the market witnessed a steep rise of 9.21%, between January 7 and 9, the market dropped from $102,219 to $92,474.80. However, between January 10 and 21, the market showcased a positive momentum of 14.63%. In the last seven days, the market has declined by 1.5%. In the last 24 hours alone, the market recorded a decrease of 1.2%. As of now, the BTC price remains at $96,160.29.