Bitcoin could hit $200K in 2025, predicts top Bitcoin mining exec

Bitcoin’s price trajectory has always been a subject of debate, but Jeff LaBerge, Head of Capital Markets and Strategic Initiatives at Bitdeer, believes the next major leg up could see Bitcoin reaching between $150,000 and $200,000 this year.

Speaking with Rob Nelson on Roundtable , LaBerge acknowledged that predicting Bitcoin’s price is tricky but pointed to historical patterns and increasing adoption as key factors for long-term growth.

“Trying to predict Bitcoin prices… geeze, that's kind of a fool's exercise at times,” LaBerge said. “But yeah, look, I think there’s a lot of upside from here. I think that $150,000 to $200,000 range is certainly in the cards this year.”

Bitcoin’s bull market cycle is still in play

LaBerge noted that Bitcoin has historically followed a four-year bull-bear cycle, where major rallies typically occur in the year following the Bitcoin halving event — the latest of which happened just nine months ago.

“It seems like forever ago, but it was really only nine months ago,” he said. “It’s typically the kickoff for a bull market, and I think we’ve seen that.”

But beyond Bitcoin’s predictable cycles, LaBerge highlighted two additional catalysts driving the current surge: the approval of spot Bitcoin ETFs and a more crypto-friendly U.S. administration. These, he argues, are key factors making this bull run different from previous cycles.

Bitcoin adoption ‘still in early stages’

LaBerge believes there is still massive room for adoption — especially among major financial players.

“The adoption rate of Bitcoin, I think we’re still in the low single digits right now depending on how you measure it,” he said. “Something that is that institutionalized, that big institutions like BlackRock and Fidelity can get involved in, but still have that small of a percentage adoption, is pretty incredible when you think about it.”