Background

Bitcoin (BTC) is the world's first and largest cryptocurrency by market capitalization. Since its creation in 2009, Bitcoin has experienced significant price volatility while gaining mainstream adoption. Several factors influence Bitcoin's price, including:

• Market demand and investor sentiment

• Regulatory developments worldwide

• Institutional adoption and investment

• Macroeconomic conditions

• Technological developments and network upgrades

• The Bitcoin halving cycle (the next halving is expected in April 2024)

Current forecasts from various analysts provide a wide range of potential prices for Bitcoin in 2025:

• Changelly suggests an average price of approximately $94,019 in June 2025

• Bernstein analysts predict Bitcoin could reach nearly $200,000 by the end of 2025

• A panel of fintech specialists surveyed by FXEmpire forecasts a price of around $179,280 by 2025

Resolution Criteria

This market will resolve to the price of Bitcoin (BTC) in USD at 23:59:59 UTC on June 30, 2025. The price will be determined using a reliable cryptocurrency price tracking service (such as CoinMarketCap, CoinGecko, or similar).

If Bitcoin undergoes a hard fork before the resolution date, the price of the cryptocurrency recognized as "Bitcoin" (BTC) by the majority of major exchanges will be used for resolution.