On Dec. 11, 2024, the team at the crypto asset management firm Bitwise put out an eye-catching prediction , “In 2025… Bitcoin will hit $200,000.”

Bitwise’s optimistic prediction for Bitcoin was based on a few expectations, such as corporate and government buying of the asset, ETF flows, and the impact of the 2024 halving.

However, the current price trajectory of the king coin has hardly been uplifting. On March 10, BTC slipped to $78,500—its lowest point since November 2024.

The dramatic price decline was triggered by the disappointment around US President Donald Trump’s executive order to establish the Strategic Bitcoin Reserve. Though the order mandated creating the reserve with Bitcoin seized by federal agencies, it didn’t mention buying additional Bitcoin. So, the government isn’t buying more Bitcoin at least for now, in contrast to Bitwise’s prediction.

As far as Bitcoin ETFs are concerned, the picture is again grim. As per the latest data from SoSoValue, these ETFs have seen an outflow of $5 billion since February.

Moreover, the stock market has seen a rout this week as the fear of recession grips the US economy. The President's comment about a rough patch ahead didn’t help either.

As the crypto market interacts with the traditional market, the former can’t escape the impact of the latter. Both the markets have declined in tandem. Bitcoin was exchanging hands slightly below $81,000 at press time as per Kraken price chart.

However, it’s only mid-March and there are still nine months before the end of 2025. Given the unpredictability of the crypto market, it’s best to wait and watch how Bitcoin performs during the next few months.

Disclaimer: The content above is intended for informational purposes only and should not be taken as financial advice. Do your own research before investing.