Bitcoin bulls price in new all-time highs in H2 2025, with big money breakout on the horizon

Bitcoin Bulls Eye New All-Time Highs in H2 2025

Bitcoin is poised for a potential breakout in the second half of 2025, with institutional adoption and macroeconomic factors fueling optimism.

Institutional Demand and ETF Adoption

• Bitcoin has held above $100,000 since May 9, currently trading near $108,000, just 3% below its May peak.
• Devin Ryan (Citizens) highlights accelerating ETF adoption, predicting more capital inflows as barriers to Bitcoin access diminish.
• Publicly traded "Bitcoin treasury companies" (e.g., Nakamoto, Twenty One, Strive) are merging to raise funds for Bitcoin purchases, with significant capital yet to enter the market.

Macro and Political Tailwinds

• Steven Lubka (Nakamoto) cites bullish factors: rising fiscal spending, stock market gains, and a pro-crypto Trump administration.
• Bitcoin’s maturity as an asset class aligns with new financialization vehicles, setting the stage for a "material bull market."

Legislation and Fed Impact

• Geoff Kendrick (Standard Chartered) predicts a Q3 surge, driven by potential Fed rate cuts (if Trump replaces Powell) and the GENIUS Act stablecoin bill, which could spur retail demand.
• A correction risk looms in late 2024 (18 months post-halving), but Kendrick believes ETF and treasury inflows will offset selling pressure.
• His price targets: $135,000 by Q3 and $200,000 by year-end, assuming cycle concerns fade.

Key Takeaway

Bitcoin’s trajectory hinges on institutional adoption, macro trends, and regulatory developments, with analysts forecasting significant gains despite short-term volatility.