More analysts are forecasting a very positive 2025 for bitcoin, given the attention the cryptocurrency is receiving due to the change of stance of the upcoming U.S. government towards the crypto industry. Sean Brodrick, a financial analyst and editor nicknamed the “Indiana Jones” of natural resources, believes Bitcoin still has room to grow.
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In a recent article, Brodrick stated that even with bitcoin scoring successive all-time highs (ATHs) these weeks, its massive rally has not even started. Brodrick states that Trump’s crypto allegiance and the possibility of enacting a strategic bitcoin reserve will bring other countries to bitcoin too. This would be the first domino that needs to fall to kickstart a historic rally.
Corporations would be the second element. While some players like Microstrategy and others have confirmed they own bitcoin, the large majority of these companies in the U.S. still haven’t entered the crypto market, even with the existence of exchange-traded funds (ETFs). Brodrick declared this is poised to change and the recent vote that Microsoft has opened to decide if the company purchases bitcoin as part of its reserves is just the start.
Read more: Blackrock to Vote on Microsoft’s Bitcoin Move — BTC Treasury Strategy in Focus
Big banks are the last of the three elements Brodrick states will push bitcoin to greater heights. Bodrick stressed that while the biggest institutions like Goldman Sachs and JPMorgan are already dipping their toes into bitcoin, they still only possess marginal amounts of BTC ETFs.
Read more: Goldman Sachs’ Bold Bet: Bank Boosts Its Bitcoin ETF Stake to $710 Million
He explained:
If the government starts building a strategic bitcoin reserve … and especially if corporations start building bitcoin assets, I’d expect big banks to build up their own bitcoin reserves. And not just ETFs, but actual cryptocurrency.
Brodrick’s analysis indicates that if these elements behave as described, bitcoin prices will be pushed into overdrive.
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