By Jennifer Mathews
- Bitcoin’s climb to $100,000 by the end of 2024 has doubled its value from the start of the year
- President-Elect Donald Trump’s endorsement may smooth out regulations, potentially signaling a “golden moment” for Bitcoin in 2025
If you’d told me a year ago that Bitcoin would skyrocket to $100,000 in 2024, I would’ve said that was wishful thinking, seeing as Bitcoin was hovering over $42,000 in December 2023. Yet here we are—celebrating a milestone that has people who are crypto natives and crypto curious anticipating what happens now. As a Black woman skeptical of traditional finance shutting us out, I find this era of cryptocurrency hype exciting yet cautiously hopeful. In real-time, we are finally seeing a tool that could level the financial playing field, especially for historically marginalized communities who deserve a chance at building wealth.
Why This Matters: Our communities have faced enough financial gatekeeping to last a lifetime. The fact that Bitcoin has shown strength—doubling in a volatile market—opens doors for building generational wealth. With President-Elect Donald Trump signaling support and a proposed Bitcoin Act in the works (including a U.S. strategic Bitcoin reserve of over 200,000 tokens), crypto’s credibility could hit new heights. The global cryptocurrency market is expected to expand by 11% annually, hitting $1,902.5 million by 2028. Whether or not you understand the market, that’s big news for every investor looking to diversify their portfolio.
What’s Next: So, what should we be watching for in 2025? First, watch how Congress handles the proposed Bitcoin Act or any pro-crypto legislation that might fuel further Bitcoin gains. Second, monitoring institutional buy-ins (think more ETFs and companies like MicroStrategy buying more Bitcoin) since large-scale investments can solidify trust and urge mainstream adoption. More importantly, paying attention to growing regulations under this new administration — which could stabilize an unpredictable market. It’s a tall order, but if the stars align, Bitcoin could very well reach hit $200,000 before the end of 2025.
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