According to Alice Li, head of Foresight Ventures, a crypto venture capital firm, there’s potential for Bitcoin to exceed $150,000 in this market cycle, particularly with clearer regulations in the US. Speaking on Cointelegraph’s Chain Reaction show on June 3, Li highlighted that the anticipated bullish trend in the crypto market for 2025 is largely influenced by changes in US policies.
Li mentioned that a significant factor contributing to this potential price surge is a policy shift. She specifically referred to the approval of Bitcoin reserves and the development of stubcoin policies during Trump’s presidency as key elements that could drive Bitcoin (BTC) prices upward in 2025. She also expressed optimism about stablecoins, considering them a promising long-term investment due to advancements in US regulations.
As the industry watches for a Senate vote on the Stablecoins (Genius) Act, Li noted that passing this legislation could inspire other significant jurisdictions to take similar legal actions. She stated that this initiative marks a “good start,” suggesting that it sets a framework for innovation in other regions, particularly in Asian markets like Singapore and Hong Kong.
Hong Kong has been proactive, proposing legislation akin to the Genius Act, with Li mentioning that a stubcoin bill was passed by the Legislative Council on May 21, which will likely apply to major financial institutions before 2025 concludes.
Li expressed her firm belief in the potential of Bitcoin, saying that if the Federal Reserve reduces interest rates, it could propel Bitcoin past the $150,000 mark. She believes that the initial rate cuts could enhance Bitcoin’s momentum. Current estimates from the CME Group’s FedWatch indicate a 95% probability that the Fed will maintain current rates during its upcoming meeting on June 18.
On another note, in May, investments in crypto ventures hit a low, with only 62 rounds of funding, leading to $909 million raised. Some analysts attribute this dip to typical pre-summer market patterns.
