2025 Bitcoin Predictions: Top Fund Manager Shares His Outlook

In a thread on X, Alistair Milne, the co-founder and Chief Investment Officer (CIO) of the Altana Digital Currency Fund (ADCF), has outlined his Bitcoin predictions for 2025. With a tenure at ADCF dating back to 2014, Milne’s insights carry significant weight in the investment community.

Milne began his forecast by addressing the potential involvement of the United States in Bitcoin accumulation. “Some of my 2025 Bitcoin predictions: The big one: Trump won’t announce Bitcoin buying on behalf of the USA in 2025, but he WILL sign an order preventing any seized BTC from being sold … creating a defacto reserve. It will still create global FOMO,” Milne stated.

Thus, Milne predicts that Trump will not follow US Senator Cynthia Lummis’ Bitcoin Act which proposes to buy 1 million BTC over five years. However, Milne thinks that the US under President-elect Trump will keep its 198,109 BTC (according to Arkham data) as national stockpile as promised by Trump during the last Bitcoin Conference in Nashville, potentially sparking fear of missing out (FOMO) globally.

Expanding on the international landscape, Milne predicts increased adoption by smaller and more agile nations. “Other, smaller and more nimble nations (in addition to Bhutan and El Salvador) will announce Bitcoin Reserves and start buying or mining before the USA does. Middle Eastern countries will start announcing their holdings,” he noted.

Corporate engagement with Bitcoin is also expected to rise. Milne forecasts that at least one other S&P 500 company, meaning not Tesla or MicroStrategy will announce a Bitcoin acquisition in 2025.

Price projections remain bullish in Milne’s Bitcoin predictions. He anticipates, “Bitcoin should get to around $200-250k, even without the US gov buying. If the US does start buying, expect closer to $500k. Yes, in 2025. This is because it officially becomes a nation state arms race and there isn’t enough Bitcoin.”

Milne also addresses market dynamics, predicting that Bitcoin will peak in the second half of the year. While his tip is October, he posits that the bear market will be “significantly milder than the previous ones given nation states and corporations will slowly accumulate.”

Addressing concerns related to security and market stability, Milne mentions, “Bitfinex is finally sent back the majority of its hacked BTC … causing a temporary dip in the market as people FUD and say they will dump the Bitcoin (they won’t, they’ll slowly convert 80% of it to LEO over 18 months).”

The collapse and subsequent recovery of major exchanges also play a role in Milne’s Bitcoin predictions for 2025. He states, “FTX begins distributing the USD to creditors in Q1, via several large exchanges … making it easy for them to re-invest in Bitcoin, etc.. At least 50% of the money returned will be reinvested.” This influx of reinvested funds is expected to inject liquidity back into the Bitcoin market, fostering a renewed price rally.

Milne doesn’t overlook the performance of institutional investors, noting, “MSTR achieves a ‘Bitcoin yield’ of ~30% in 2025 before the premium closes.” Lastly, Milne concludes his Bitcoin predictions with a note to Silk Road founder Ross Ulbricht. On the campaign trail, incoming US president Donald Trump vowed to free Ulbricht. He forecasts that Trump will follow his words: “Ross will be freed.”

At press time, BTC traded at $93,070.