Before I undertake the hard task of predicting where the crypto industry will go in 2025, let’s take a minute to recall where it has been. The bout of exuberance we are currently experiencing was preceded by three episodes of crypto summers followed by crypto winters — roughly three years of generally rising Bitcoin prices, and increasing capital flows and popular interest, followed by 14 months or so of sliding Bitcoin prices and serious questions about the future of crypto.
It’s tempting to assume this is the eternal pattern — in which case Bitcoin’s price might increase to around $500,000 ...
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