Bitcoin Will Reach 120K by June 2025 and Stabilize Until Autumn
I predict Bitcoin will reach $120,000 by June 2025 and stabilize at this level until mid-autumn, after which it will continue to grow.
Government interest in Bitcoin has become the main factor behind this prediction. Twenty U.S. states are reviewing legislation to add Bitcoin to their reserves, with potential investments totaling $23 billion. Arizona leads with a proposed $8.7 billion allocation, while Florida plans a $3 billion investment. Together, these states could purchase around 247,000 bitcoins.
The movement extends beyond the U.S. Japan plans major crypto regulation reforms by June 2025, including potential tax cuts and removal of Bitcoin ETF restrictions. The Czech Republic has already eliminated capital gains tax on Bitcoin held over three years, while their central bank considers converting up to 5% of reserves (approximately €140 billion) into Bitcoin.
What makes this particularly significant is the quality of analysis behind these decisions. Government institutions employ some of the world's strongest analysts. Despite cryptocurrencies' damaged reputation from altcoin failures, these experts have concluded that Bitcoin represents a sound investment opportunity.
Major financial institutions are already taking positions. Goldman Sachs invested approximately $2 billion in cryptocurrency ETFs, with significant holdings in both Bitcoin and Ethereum funds. Their regulatory filings show a 2,000% increase in Ethereum ETF holdings during the fourth quarter, while building Bitcoin ETF positions to over $1.5 billion.
Abu Dhabi's sovereign wealth fund invested $436.9 million in BlackRock's Bitcoin ETF last quarter, coinciding with BlackRock securing its commercial license in Abu Dhabi. The U.S. spot Bitcoin ETF market shows remarkable growth - BlackRock's fund (IBIT) leads with nearly $56 billion in assets, while the total market has surpassed $100 billion. In Russia, Finam has launched ruble-denominated bonds linked to these ETFs for qualified investors.
Corporate adoption continues to expand. GameStop, with $4.6 billion in cash reserves, is exploring Bitcoin investments following discussions between their CEO Ryan Cohen and MicroStrategy's chairman. MicroStrategy, now known as Strategy, currently holds $47 billion in Bitcoin – approximately 2.5% of the total supply.
The price rise to $120,000 will likely be steady rather than explosive. Many long-term investors who entered the market during previous cycles at much lower prices have set sell orders at $110,000 and $120,000. This is a standard market practice - after holding through multiple years, these investors need to realize returns on their investments. Some will use these profits to diversify their portfolios, while others need to cover their initial investment costs and operating expenses. Large mining operations, in particular, often lock in profits at psychologically significant price levels to ensure operational sustainability. This wave of programmed selling creates natural resistance levels that should help stabilize the price through mid-autumn.
Beyond autumn 2025, Bitcoin will continue its upward trend, though not at the dramatic rates seen in previous cycles. The entry of government and institutional investors points to a maturing market where steady, sustainable growth becomes the norm rather than rapid price spikes.
Note: This article represents my personal market analysis as of February 17, 2025. This is not investment advice. All investment decisions require independent research and risk assessment.
