Bitcoin price surges: Investment opportunity or a new bubble risk?

Photo caption — Bitcoin cryptocurrency. Photo: Reuters/VNA

According to the latest survey by UK fintech company Finder of 24 cryptocurrency industry experts, the price of Bitcoin is predicted to peak at $162,353/BTC this year, before cooling down to around $145,167/BTC. The highest predicted price for Bitcoin is $250,000/BTC, while the lowest is expected to range from $70,000 to $87,618/BTC.

Since the end of last year, Bitcoin has risen from below $100,000/BTC to around $120,000/BTC currently. Analysts believe several factors are driving the demand for Bitcoin investment, including a more transparent legal framework, increased utility (such as payments), and changing economic conditions.

Przemysław Kral, CEO of the Zondacrypto cryptocurrency exchange, commented: “New regulations, such as the European Union’s (EU) Regulation on Cryptocurrency Markets (MiCA), have contributed significantly to the current upward trend.” MiCA establishes a unified legal framework for cryptocurrencies across the EU.

Furthermore, the growing interest from financial institutions—particularly through exchange-traded funds (ETFs)—has also helped make cryptocurrencies more accessible. Cryptocurrency ETFs allow investors to access digital assets without directly purchasing them, and have boomed since Bitcoin ETFs began trading in the US last year.

According to experts, more and more large financial institutions are viewing Bitcoin as a potential reserve asset. Anthony Pompliano, CEO of Professional Capital Management, stated: "Bitcoin is a rare asset class where risk decreases as its scale increases." He argued that when Bitcoin's market capitalization was low, few institutional investors dared to approach it, but now that the asset has reached trillions of dollars, large global investors can certainly allocate capital to it.

Is a bubble forming?

Although the increasing penetration of cryptocurrencies into traditional financial markets has boosted demand for Bitcoin, some experts still warn of the risk of a "bubble"—that is, a sharp price increase without underlying supporting factors.

Professor Ravi Sarathy from Northeastern University (USA) argues that some large organizations like MicroStrategy are holding significant amounts of Bitcoin – up to $65 billion – and may be indirectly keeping the price high. He notes that the US approval of Bitcoin ETFs has led to an influx of money from both individual and institutional investors into this high-risk asset.

The supply of Bitcoin is limited to 21 million BTC, while demand is constantly increasing – creating pressure on the price. This drives corporate strategies such as Digital Asset Treasuries, where businesses raise capital to invest in Bitcoin and other tokens. In the context of digital assets, a token is a tokenized unit of value, representing an asset or right, built on blockchain technology. It can be a cryptocurrency, a digital asset, or a tool to perform specific functions within a blockchain ecosystem.

Sarathy believes that if the US passes more laws supporting the market, the price of Bitcoin could continue to rise in the long term, although it may experience periods of correction in the short term.

The US fuels Bitcoin's price increase.

Interest in Bitcoin exploded after US President Donald Trump pledged to make the US the world's cryptocurrency hub. Last week, the US government even called it "Crypto Week," as Congress debated a series of bills that could shape the legal framework for the industry. On July 18, President Trump signed into law the landmark National Innovation Guidelines and Establishment Act for US Stablecoins, or the Genius Act, marking the first federal regulation of stablecoins. The Genius Act sets standards for stablecoins – a type of digital currency designed to maintain a stable price, typically pegged to the US dollar at a 1:1 ratio and commonly used to trade between digital assets.

John Hawkins, a senior lecturer at the University of Canberra, commented: “Bitcoin and cryptocurrencies are receiving strong support from the Trump administration – which is quite surprising considering bitcoin initially started as an alternative to government- backed currency.” However, he still maintains that Bitcoin has no intrinsic value and “remains a speculative bubble.”

Conversely, some experts argue that Trump's endorsement is the reason to buy Bitcoin. Desmond Marshall, director of investment firm Rouge International & Rouge Ventures, said: "Not only does Trump himself support it, but his son is also involved in large-scale cryptocurrency projects. The US government is even buying Bitcoin as part of its asset reserves."

Martin Froehler, CEO of the decentralized exchange Morpher, stated: “Institutional demand hasn’t decreased, while individual investors haven’t yet entered the market, and countries are gradually adopting it. This presents an opportunity for a major Bitcoin price surge.” Decentralized exchanges, also known as DEXs, are cryptocurrency exchanges that allow users to trade directly with each other (peer-to-peer) without going through a centralized intermediary like traditional exchanges (CEXs).

Since the beginning of 2025, the price of Bitcoin has increased by nearly 25%, despite geopolitical risks, tariff tensions, and the lack of easing monetary policy in the US.

A sound strategy

Approximately 61% of experts surveyed by Finder believe that now is a good time to buy. However, the CEO of Zondacrypto cautioned: “Despite high expectations, investors should exercise caution. No one knows for sure whether the price will go up or down. Do your own research before investing.”

Kadan Stadelmann, Chief Technology Officer of the Komodo trading platform, predicts that Bitcoin will continue to rise in price for the next six months before entering a bear market. He said: “With Bitcoin having already reached $110,000/BTC and at least another six months to go, I believe the peak will come in Q1 2026.”

In the long term, Finder's survey shows that experts believe the price of Bitcoin could reach $458,647/BTC by 2030 and surpass $1 million/BTC by 2035.

Could quantum computers threaten Bitcoin?

As many as 79% of experts surveyed believe that quantum computers pose a threat to Bitcoin's security, due to their potential to break the encryption algorithms currently protecting the cryptocurrency.

Approximately 25% believe this risk will materialize within the next five years; another 25% believe it will occur within 5-10 years. Only 8% of experts believe quantum computers are not a threat, and only a third believe the Bitcoin community is currently somewhat prepared for this scenario.

Source: https://doanhnghiepvn.vn/kinh-te/gia-bitcoin-tang-vot-co-hoi-dau-tu-hay-nguy-co-bong-bong-moi-/20250723082753119