Bitcoin price prediction 2025: Can Web 3.0 catapult BTC to $300,000?

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 Bitcoin price prediction 2025: Can Web 3.0 catapult BTC to $300,000?
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Highlights

  • Bitcoin’s long-term price trajectory will be decided in part by the success or failure of the Web 3.0 project.
  • If the internet truly becomes decentralized under Web 3.0, Bitcoin may act as its native currency.
  • Besides, wider adoption by countries and no more crackdowns by central banks can lift Bitcoin’s price.

Cryptocurrencies can be a hedge against record-high inflation that is ailing the global economy. But a pre-requisite to making profits from cryptos, discernably, is the investor has to enter and exit at the opportune time. In the world’s largest economy, consumer prices in January surged at the highest pace in four decades. Despite many underlying risks, more people may flock to cryptos in anticipation of gains.

Bitcoin remains the most popular asset in the crypto universe, although its share in the total market cap of all cryptos is steadily declining. It is quite possible that Bitcoin, which makes as much news as stocks like Apple these days, might attract more backers. Trading at a price lower than its all-time high, Bitcoin might become the most sought after ‘buy the dip’ asset for some.

Will it be US$200,000, or US$500,000, or US$1,000 or zero by 2025? Bitcoin’s price in 2025 could be a product of numerous forces. First, let’s know what these forces might be, and then estimate the price.

Web 3.0

Proponents call Web 3.0 the new wave that might sweep the internet in the coming days. Web 3.0 is a decentralized internet that some envision as a shift of the balance of power from tech giants to users.

Also read: Top 5 Web 3.0 crypto projects to watch

Blockchain is a tech that runs on peer-to-peer architecture, meaning power is not centered at one specific point, but it is distributed among users that may be present anywhere in the world. Bitcoin is indeed the most dominant blockchain-based cryptocurrency, and if blockchain finds its way into Web 3.0, there is a fair chance that Bitcoin might become what Jack Dorsey claims -- the “native currency” of the internet.

The price of BTC might be propelled forward if this does happen, and since Web 3.0 would take at least a few years to make strides, Bitcoin’s price till 2025 remains a close watch.

Wider adoption and mainstreaming

Mainstreaming of Bitcoin has seen developments like the S&P Dow Jones launching Bitcoin indices in 2021, Bitcoin ETFs getting listed on popular exchanges like the Toronto Stock Exchange (TSX), and a few multi-billionaires tweeting about Bitcoin, with Tesla and MicroStrategy holding BTC as an asset.

Also read: Is crypto dead & what is in store for blockchain in 2022?

Adoption as legal tender has so far remained subdued. El Salvador’s move made headlines in 2021, but other countries are treading cautiously. As of now, major economies, including the US, are not in any mood to legalize Bitcoin as legal tender.

The governor of India’s central bank recently called cryptos a threat to financial stability. China has outlawed Bitcoin, with a focus on its own digital yuan project.

But let’s rewind the clock three years back, and no one could have anticipated such mainstreaming of Bitcoin as cited above. And hence, what happens over the next three years is a wait-and-watch game.

Also read: BTC, ETH & BNB: Price predictions of top 3 cryptos by market cap

Bitcoin’s price prediction 2025

Historical price data of Bitcoin or its moving average cannot be relied upon to predict the price of this hyper-volatile asset.

But if the Web 3.0 project unfolds in the same manner as predicted by its proponents, with Bitcoin truly emerging as the “native currency” of the decentralized internet, Bitcoin may rise sharply. The reason is Bitcoin can have a limited supply of 21 million tokens. If these tokens are required in the new economics of the internet, prices might rally at an unprecedented pace due to a demand frenzy.

Though it seems likely that Bitcoin might not enter a six-digit price trajectory by the end of this year, a favorable turn of events with regard to Web 3.0 and BTC’s adoption as legal tender may take the price to US$300,000 by the end of 2025.

Bitcoin historical price movement

Data provided by CoinMarketCap.com

Also read: Why is crypto market down? 5 key reasons

Bitcoin price prediction 2025: Can Web 3.0 catapult BTC to $300,000 ?

Bottom line

That the price of Bitcoin could be US$300,000 by 2025 is a prediction which relies on multiple forces. First, a surge of this sort would need the success of decentralized technology in the financial system. In the global financial networks of today, banks and other powerful entities play a dominating role. But if Web 3.0 can decentralize the internet-based remittance system, Bitcoin could dominate as the currency for quick payment transfers.

That said, Bitcoin, as of now, remains a volatile asset, investment in which is prone to downside risks.

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