Bitcoin Surpasses $100,000 Again! Bernstein Predicts It Will Hit $200,000 in 2025!

TradingKey – Multiple positive market signals have led the price of Bitcoin to surge past $100,000, but will the upward trend continue into 2025?

On Tuesday, January 7, boosted by a series of good news, the price of Bitcoin regained momentum and surged by nearly 4%, breaking through $100,000 again after more than half a month. According to the market data, Bitcoin hit a high of $102,724 this morning, and is currently trading at $101,980.

Bitcoin price chart, source: CoinMarketCap.

In the early hours of today, U.S. Vice President Kamala Harris, announced during a joint session of Congress that the results of the Electoral College for the 2024 U.S. Presidential Election had been certified. Donald Trump secured 312 electoral votes, confirming his victory as the next President of United States, with Mike Pence chosen as the vice president, setting the foundation for the Trump administration to take office smoothly on January 20.

At the same time, Federal Reserve top regulator Michael Barr announced he would resign from his Deputy Supervisory role on February 28, 2025. Barr is a staunch critic of cryptocurrency, having led efforts to crack down on stablecoins in 2023, and has expressed a desire to "exclude crypto from the banking industry".

In addition to the relatively positive developments mentioned above, there is also a positive development that investors are very much looking forward to, which is MicroStrategy continues to increase its holdings of Bitcoin. Michael Saylor, co-founder and chairman of MicroStrategy, shared that, "MicroStrategy has acquired 1,070 BTC for approximately $101 million."

Tweet posted by Michael Saylor, source: X.

As of January 5, 2025, MicroStrategy holds 447,000 BTC, with a unit price of US$62,503, and an acquisition cost of approximately US$27.97 billion. The current market value of their holdings is approximately US$44.3 billion. The company had previously announced plans to purchase more cryptocurrencies using a mix of perpetual preferred shares, common stock, and debt.

Over the past year, Bitcoin's price has continue to rise, climbing from around US$40,000 to a peak of US$108,000. Despite a brief pullback in December 2024, the price increase still represents a 114% rise.

Bitcoin price chart, source: TradingView.

As we move into 2025, the price of Bitcoin has rebounded and surpassing US$100,000 again. Will Bitcoin continue to rise? Bernstein analysts remain bullish on Bitcoin, predicting that it will reach $200,000 by 2025.