The price of Bitcoin soared 119% in 2024, and the bulls have been out in full force, making predictions about where the cryptocurrency is headed.

The newly launched $trump and U.S. first lady Melania Trump's $melania memecoins have each plummeted as traders cash

So for Bitcoin to continue to climb and eventually hit $200,000, more people need to buy. Roughly 106 million people hold Bitcoin worldwide, including about 22% of the adult population of the U.S. Billions of people haven't purchased any yet.

Bitcoin could be propelled to a valuation of $130,000 in 2025 according to one wealth advisor, buoyed by positive sentiments from CEOs like Brian Moynihan.

“The door to retest $100k is open,” Alan summarized. The chart additionally shows how comparatively thin bid liquidity is compared to the sell wall above the spot price at $110,000, now the major hurdle for bulls to overcome.

A heady combination of hope and disappointment has sent Bitcoin on a wild ride this week as cryptocurrency owners pin their hopes on the new Trump administration's ability to boost the value of their holdings.

Donald Trump assumes office with plans to make the U.S. the bitcoin mining capital, causing concerns over centralization, institutional control, and bitcoin's future.

Bitcoin’s price has been a roller coaster ride for investors, but a new batch of ETFs seeks to offer up to 100% downside protection.

At the World Economic Forum in Davos, industry leaders debated Bitcoin’s role as a reserve asset, the memecoin frenzy and crypto’s future amid Trump’s return to the Oval Office.

Matt Kaufman, Calamos head of ETFs, joins CNBC's Bob Pisani on 'ETF Edge' to discuss the firm's launch of a bitcoin structure alt protection ETF. Michael Venuto of Tidal Financial Group also weighs in on the implications for the industry.