As Bitcoin surpassed the $100,000 mark for the first time in its history, well-known figures are raising the bar. Following the record, a new Bitcoin price prediction has come from Nigel Green, CEO of deVere Group. Green predicts that BTC’s price will exceed $120,000 within four months.
Nigel Green: A Pullback May Occur First, but $120,000 Expected in 2025
Nigel Green, CEO of financial services consultancy deVere Group, stated that while Bitcoin surpassed the psychological resistance level in the early hours of December 5, “short-term sales” could increase. Green commented, “With such a sharp rise in such a short period, it’s natural for some investors to sell.”
However, according to Green, the selling pressure will be short-lived. The famous CEO added, “This wave of sales will be temporary. Bitcoin’s momentum will strengthen even more afterward,” indicating a long-term positive outlook. The analyst’s Bitcoin price prediction focuses on higher levels in 2025…
Here is the $120,000 Bitcoin Price Prediction
At the time of writing, Bitcoin was trading above $102,000, with a daily price increase of more than 5%. In his recent statements, Green predicted that this momentum will continue into the long term. The analyst also mentioned that the recent crypto-friendly political trend in the U.S. would act as a catalyst for the bull market.
Bitcoin’s momentum will strengthen further, and in the first quarter of next year, it is expected to soar to $120,000. Bitcoin’s exceptional performance comes at a time when the market anticipates that Trump 2.0 will create a more favorable regulatory framework for cryptocurrencies. Investors are betting on Trump’s supportive stance toward cryptocurrencies.
Meanwhile, other forecasters as bold as Nigel Green also exist. Some experts expect Bitcoin’s price to surpass $190,000 next year. As Bitcoin’s price predictions climb, the likelihood of BTC becoming a reserve asset increases.
VCs Expect Activity in Various Altcoin Sectors
In addition to financial companies like DeVere Group, industry giants such as Andreessen Horowitz (a16z) are highlighting the artificial intelligence sector. As reported by Kriptokoin.com, the company expects a boom in chatbot and trusted execution environment technologies in 2025.
According to a16z, as global use of artificial intelligence increases, there will be a greater need for blockchain technologies. Blockchain technology is emerging as the primary verification method against deepfakes and fraud. In short, as Bitcoin price predictions exceed $120,000, the bull market is also expected to spread to altcoins.
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