Bitcoin Price Prediction: From $250,000 to $3,000,000, what is the future trend of BTC?

Question

**Bitcoin Price Prediction Review: Where Will It Go in 2025?**Since the approval of the Bitcoin ETF in early 2024, the market's acceptance of Bitcoin has continued to rise, coupled with the re-election of crypto-friendly Trump as president, which has propelled BTC to over $120,000. Against this backdrop, several institutions have issued higher price targets:* VanEck: Target price of $180,000 in 2025, or potentially reaching $2,900,000 by 2050.* Charles Schwab: long-term prediction \$1,000,000* Tim Draper: Target of $250,000 by the end of 2025* Mike Novogratz: bullish on \$1,000,000* Standard Chartered: Estimated price in 2025 \$200,000* Tom Lee (Fundstrat): $250,000 by 2025, looking long-term to $3,000,000* Chamath Palihapitiya: Target of $500,000 by October 2025, or reaching $1,000,000 by 2040**Bubble or Consensus? Why Bitcoin Relies on Optimism to Survive**The pricing basis of Bitcoin and other cryptocurrencies does not come from income or asset backing, but is driven by **market sentiment**. The reason the crypto market can maintain a high valuation is due to a constant influx of new investors, and this process requires the optimistic sentiment of "prices will continue to rise" to spread continuously.This optimistic expectation for the future is the "underlying logic" that maintains the stability of the crypto ecosystem. Without optimism, prices lose their support.**Why are cryptocurrency price predictions more like a guessing game?**Unlike stock analysis, Bitcoin does not have company profits as support, nor is there a valuation model. The stock price of a listed company can be derived from "earnings per share × price-to-earnings ratio," while the price of Bitcoin can only be determined by the price that market participants are willing to pay. In other words, every cryptocurrency price prediction is merely an assumption about the strength of "optimism."**Fixed issuance ≠ Fixed value: Scarcity is not万能**Although the issuance of Bitcoin is limited to 21 million coins, this in itself does not constitute value. Just like "a cup in your kitchen is also unique," what truly determines the price is demand. Moreover, new coins are launched every day, which will also dilute the market attention on Bitcoin.**Legendary investor Buffett still bears a negative outlook**In the face of market frenzy, stock god Warren Buffett still maintains a clear-headed attitude. He once stated, "Even if 25 dollars could buy all Bitcoin, I still wouldn't buy it," and referred to Bitcoin as "rat poison squared." His attitude stands in stark contrast to the extreme optimism of the market.**Conclusion:**Whether you agree or not, the price direction of Bitcoin is driven by countless predictions—these predictions may not be the result of valuation models, but rather catalysts for market consensus. In this asset market with no intrinsic value, **confidence is the greatest asset**. As we enter the second half of 2025, the price of Bitcoin may still move towards the direction of "guessing higher", but only by understanding the emotional logic behind it can we truly navigate this bull market.