Bitcoin's resilience continues to impress market observers as the world's largest cryptocurrency maintains its upward trajectory in 2025

Bitcoin's resilience continues to impress market observers as the world's largest cryptocurrency maintains its upward trajectory in 2025. Currently hovering around $97,000, Bitcoin has staged a remarkable recovery since its 2022 bottom of approximately $16,000.

But the burning question on everyone's mind remains: how high can Bitcoin go?

While some analysts have set mind-boggling targets of $1 million or more by 2030, others are offering more modest outlooks for the year ahead.

How High Can Bitcoin Go? The Case for $250,000 BTC Price in 2025

"I definitely would not be surprised at all to see $200,000 Bitcoin or $250,000 Bitcoin this year," stated Joe Burnett, Director of Market Research at Unchained, during a recent Cointelegraph Chain Reaction show on X (formerly Twitter).

His bullish predictions are based on several converging factors that could propel Bitcoin to new heights in 2025.

"Looking at the current macro setup for Bitcoin, global M2 is starting to break out, the VIX hit a recent all-time high that we didn't see since literally March 2020 and before that December 2008."

This period of market stress could be setting the stage for a significant rally. As Burnett explains, "When the bottom is in on assets and global liquidity starts expanding, I think that's the moment in time you want to get on the fastest horse, and I believe the fastest horse is Bitcoin."

Indeed, the institutional adoption wave continues to gather momentum. Corporate treasuries like MicroStrategy and newly formed entities like 21 Capital are aggressively accumulating Bitcoin, often borrowing dollars to do so. This trend of "speculative attacks" on fiat currency could accelerate Bitcoin's rise.

"If the price starts running, I think individuals within corporations and governments will feel the same FOMO," Burnett adds. "There could be fear also of losing things... my assets are actually going down measured in Bitcoin."

The Path to $1 Million Bitcoin by 2030

Looking further ahead, Burnett believes Bitcoin could reach $1 million by 2030, representing more than a 10x increase from current levels. This projection is supported by his analysis of Bitcoin's fundamental advantages over traditional stores of value.

"Gold-Bitcoin parity right now is like over $1,000,000 per Bitcoin. So that's over a 10X at this point," Burnett explained. "And arguably, in my opinion, Bitcoin is significantly better than gold. It's multiples or magnitudes better than gold itself because it's perfectly scarce and it can be teleported over the internet."

Bitcoin's unique monetary properties give it an edge over both traditional assets and other cryptocurrencies. As Burnett articulates, "Bitcoin is the least uncertain monetary tool. It's not perfectly certain because nothing on Earth is perfectly certain, but it has the least amount of uncertainty and the monetary policy for Bitcoin in particular is the most immutable."