Bitcoin Closes in on New Record; New Price Prediction

Bitcoin surprises investors with a leap close to its record high as the stock market moves sluggishly upward at the same time.

Written by: Timothy St. John • Monday, June 9, 2025 • 2 min read

• Last updated: Monday, June 9, 2025

Bitcoin made a big jump today and is now much loser it its record high.

Quick overview

Bitcoin (BTC) has surged 2.17% recently, closing in on its all-time high of $108,494, just 3.15% away.
MicroStrategy CEO Michael Saylor predicts Bitcoin will maintain a bullish trend, potentially increasing by 29-30% annually over the next 20 years.
Despite historical challenges in maintaining prices above $100K, Bitcoin is currently showing strong momentum and could reach $150K this year.
Analysts believe that even if Bitcoin doesn't hit a new high soon, it is unlikely to drop below $100K, with investor interest likely to support its price.

As Bitcoin (BTC) jumped 2.17% over the last day, it closed the gap considerably on a new record high value, and its current price of $108,494 (BTC/USD) is just 3.15% off the all-time high.

Bitcoin might be preparing to set a new record after its latest jump.

Bitcoin is bullish at the moment, but can it remain high after tis most recent jump? MicroStrategy (now just called Strategy) CEO Michael Saylor says it will stay bullish, and as one of the biggest BTC investors in the world, he may know what he is talking about.

Bitcoin is trading above $100K and has been for weeks now, which makes some analysts change up their price predictions to forecast a much higher value from Bitcoin in the future. What we have seen previously is that Bitcoin has trouble staying above $100K for very long, but it is defying past behavior and expectations to inch closer to its record at a fast pace.

Bitcoin Price Prediction after Newest Jump

Saylor says that Bitcoin will increase by about 29-30% each year for the next 20 years, which would place the coin at about $13 million in value in 2045. That is a bold statement, but predicting Bitcoin’s skyrocketing value in the next couple decades has become a competition for analysts.

Bitcoin has certainly improved its chances to hit $150K this year now that it is not just inching closer to its record high but moving closer by leaps and bounds. This coin could have easily retreated from its price point of $100,516 on Thursday, which was the lowest the coin had fallen in weeks. However, that is not what happened. Bitcoin instead surged upward and is now close to its record high.

This puts it in a strong position that gives Bitcoin a lot more space to play with before investors get scared. Even if Bitcoin does not quite hit a new high this week, it is unlikely to retreat below $100K anytime soon. We expect that if Bitcoin falls short of a new high in the next few days, investors will buy into the coin significantly and help propel it to a new high soon. At the same time, the stock market is climbing slowly upward, making very little progress compared to the energetic Bitcoin.

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ABOUT THE AUTHOR See More

Timothy St. John

Financial Writer - European & US Desks

Timothy St John is a seasoned financial analyst and writer, catering to the dynamic landscapes of the US and European markets. Boasting over a decade of extensive freelance writing experience, he has made significant contributions to reputable platforms such as Yahoo!Finance, business.com: Expert Business Advice, Tips, and Resources - Business.com, and numerous others. Timothy's expertise lies in in-depth research and comprehensive coverage of stock and cryptocurrency movements, coupled with a keen understanding of the economic factors influencing currency dynamics. Timothy majored in English at East Tennessee State University, and you can find him on LinkedIn.