Bitcoin’s price could surge to around $150,000 this summer, according to Carol Alexander, a finance professor at the University of Sussex. However, she cautions that significant price swings will likely persist due to high leverage trading on cryptocurrency exchanges. Alexander, who previously accurately predicted Bitcoin reaching $100,000 in 2024, shared her latest forecast with CNBC, expressing increased bullishness for the cryptocurrency’s prospects in 2025.
While suggesting a potential price target of $200,000 for the year, Alexander emphasized the continuing volatility in the Bitcoin market. She anticipates Bitcoin trading within a wide range of $100,000 to $200,000 by the summer. This volatility, she explains, is driven by the lack of regulation on crypto exchanges, which allows for highly leveraged trades that can amplify price movements in both directions.
Despite the anticipated volatility, Alexander’s overall outlook for Bitcoin remains positive. She believes that supportive U.S. regulation will contribute to Bitcoin’s price appreciation. However, she also highlighted the need for greater regulatory oversight of crypto exchanges to mitigate the risks associated with high leverage trading. Interestingly, Alexander revealed that she does not personally own any Bitcoin.
Alexander’s prediction comes at a time of renewed interest in the cryptocurrency market. Her previous accurate forecast lends weight to her current assessment, although the inherent volatility of Bitcoin remains a crucial factor for investors to consider.
