Bitcoin could hit $250,000 by the end of 2025, according to Scott Melker, a prominent crypto analyst and host of The Wolf of All Streets podcast. Melker’s bullish outlook is rooted in the growing presence of institutional investors, a factor he says is fundamentally transforming the market’s structure.
“$250K this year is within reach,” Melker stated, pointing to Bitcoin’s declining volatility. He noted that the asset’s volatility, once three times that of the S&P 500, has now decreased to less than twice, reflecting a more stable market environment. This stability is largely attributed to the influx of pension funds and ETFs, which are replacing speculative traders with long-term holders.
In May, Bitcoin surged past $104,000, while Ethereum climbed to $2,600, suggesting a potential influx of new capital. Melker emphasized that Coinbase’s recent addition to the S&P 500, where it now ranks among the top 50 firms, signals increased legitimacy for crypto assets within mainstream finance.
However, not all analysts share Melker’s bullish stance. Most predict Bitcoin’s price will peak between $120,000 and $150,000 this cycle. Yet, Melker argued that unexpected price spikes are part of Bitcoin’s DNA. “From the 2020 lows to the last peak, Bitcoin went from $3,000 to $69,000,” he said. “A 2.5x move from here wouldn’t be a big deal.”
Adam Back, CEO of Blockstream, echoed Melker’s optimism but took it a step further. Back expects Bitcoin to reach between $500,000 and $1 million per coin during the current market cycle, citing unprecedented institutional demand and a more favorable regulatory landscape. Meanwhile, Strategy’s Michael Saylor noted that the market is gradually shifting Bitcoin from speculative hands to institutional investors, setting the stage for a prolonged rally.
