Outside Source
On Feb. 17, 2025, Bitwise Invest CEO Hunter Horsley took to X to state we underestimate Bitcoin. He listed reasons why Bitcoin is close to wide adoption and a $1,000,000 value. He challenged everyone to offer counterarguments, creating a neat digest of the main problems on the way to the moon.
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2025 “is going to be a watershed year”
In a series of X posts Horsley claimed he has never been more optimistic about Bitcoin before and outlined several reasons why this year we are going to witness Bitcoin taking “massive leaps into the mainstream.” 2025 will be “a watershed year,” according to Horsley.
Horsley names Bitcoin ETFs growth, massive Bitcoin purchases by governments and corporations, and favorable crypto regulations as factors that will help elevate Bitcoin this year. On top of this, Horsley outlines such factors as the growing demand for Bitcoin in a nowadays geopolitical environment and efforts made by financial institutions and banks aimed at easier Bitcoin onboarding for the general public. In conclusion, Bitwise’s CEO adds that more and more reputable people voice praise for Bitcoin, moving its value further.
Some of these reasons are not something new and reappear each time someone says, “The next bull run is going to be completely different.” Institutional investors’ interest in Bitcoin, high-profile endorsements, and improved regulations were already named in anticipation of the 2020 crypto rally. Nevertheless, the scale at which all of these factors hit today is a different thing.
For instance, many Wall Street veterans went from firm disapproval of Bitcoin to advocacy of digital currencies in recent years. Today, BlackRock manages the biggest bag of bitcoins in the world. In October 2017, BlackRock CEO called Bitcoin an “index of money laundering.”
In 2018, Berkshire Hathaway CEO Warren Buffett called Bitcoin a “rat poison” while the company co-chair Charlie Munger compared Bitcoin trading to selling turds. Buffett continued to dismiss crypto in the following years. However, in 2021 Berkshire Hathaway invested in Brazilian Nu Bank, a digital bank working with cryptocurrency. These are only two of many examples of how big institutional investors embraced Bitcoin in the 2020s, paving the way for an unprecedented Bitcoin boom.
As for the new trends unseen during the 2017 and 2021 rallies, 2025 has a lot to offer. Crypto ETFs have already helped to elevate the support level of the BTC price in early 2024, attracting new big players to the crypto market.
The current level of demand for Bitcoin from entire countries to certain jurisdictions and corporations draws comparisons to the arms race or space race of the past. For instance, there are 20 Bitcoin reserve bills proposed in 18 states of the USA. If passed, they may end up in states purchasing nearly 250,000 BTC.
As for the geopolitical side of things, Russia doubling down on Bitcoin as a means to dodge Western sanctions and facilitate overseas trade may be a vivid example of how the global outlook opens gates to crypto. We saw it before when the spring of 2020 proved that people see crypto as a haven in periods of global shakeups. These days the world is hardly more stable than in 2020.
The demand for Bitcoin from various types of actors has been growing especially quickly in 2024 and 2025, while the 2024 halving cut the supply right at the beginning of the new bull market.
Potential pitfalls
Instead of just bringing his reasoning behind a bullish prediction, Horsley urged his subscribers to tell what, in their opinion, could potentially block Bitcoin from reaching $1,000,000. It effectively created a decent thread citing all the main issues associated with the future and present of Bitcoin.
One of the disturbing concerns is associated with quantum computers. Their computational power may potentially turn out to be high enough to mess with the Bitcoin network. The question of whether quantum computers will effectively end Bitcoin as we know it today still has no answer, and it’s hardly good news. One of the commenters didn’t point out quantum computers but just noted that future technologies, in general, may make Bitcoin irrelevant.
While quantum computers are a potential threat, another mentioned problem on the way to the moon is scalability. An X user going by the @dotkrueger moniker named the inability of Bitcoin to scale “the best argument” against Bitcoin reaching one million soon. However, he added that wrapped Bitcoin may be considered as a solution to this issue. Horsley agreed, adding that Bitcoin ETFs are another remedy to the scalability problem.
Other commenters cited such concerns as a lack of use cases, people’s reluctance to use Bitcoin as a currency, and alleged dropping levels of decentralization. One of the commenters showcased a bit of wit by saying that if Trump and Musk make the dollar deflationary, the demand for Bitcoin will go down.
Horsley is not the only expert saying that Bitcoin is going to go much further than we expect. Brian Armstrong, Robert Kiyosaki, and Daniel Roberts, to name a few, express similar views. The reasoning may vary, but all of them expect exponential growth in Bitcoin prices.
This article first appeared at crypto.news
