A Russian expert has forecasted that Bitcoin (BTC) could reach $135,000 by mid-2025. This comes as altcoin season gains momentum. Evgeny Shatov, a partner at Capital Lab, shared this prediction in a report published on January 2 by Izvestia.
Slowdown Expected After BTC Surge
Shatov believes Bitcoin may experience a price surge early in the year. However, he warns that growth could slow down later. Bitcoin is approaching a “distribution zone,” and altcoins are starting to rise. Shatov expects Bitcoin’s price growth to decelerate by mid-2025.
He speculated that BTC could hit a price range of $115,000 to $135,000, followed by a likely consolidation phase.
Bitcoin’s Market Dominance
The Bitcoin dominance index stands at nearly 57%. However, Shatov noted that the index has only risen by 6.6% since the start of the year. He predicts Bitcoin’s dominance will likely decrease due to the growth of altcoins. Over previous years, the Bitcoin dominance index fluctuated between 60% and 40%, showing an increasing rise of altcoins.
Bitcoin as Moscow’s ‘Super Currency’
Russia is turning to Bitcoin to avoid international sanctions. Columnist Olga Samofalova, writing for RIA Novosti, described Bitcoin as Russia’s “super currency.” She argued that unlike the digital ruble, Bitcoin is decentralized and immune to government interference.
A Currency Beyond Control
Samofalova explained that Bitcoin is free from the control of central banks, including Russia’s Central Bank. She emphasized that Bitcoin’s mining algorithm makes it independent of governmental policies. This decentralization makes Bitcoin ideal for cross-border payments that no government can outlaw.
She pointed out that Bitcoin’s untraceability makes it an ideal tool for bypassing sanctions. In her words, “In terms of bypassing sanctions, Bitcoin simply has no equal.”
Bitcoin’s Role in Sanctions Evasion
Although Samofalova acknowledged that Bitcoin may not fully solve Russia’s economic issues, she argued that it provides privacy. Bitcoin lets Russian businesses conduct international trade without being visible to foreign authorities. This is similar to how oil tankers can evade detection by turning off transponders.
Moscow’s Unveiling of Crypto Payment Methods
Russian lawmakers have kept details of Bitcoin payments secret. They worry about attracting attention from “unfriendly” nations. Samofalova noted that Russia’s adoption of Bitcoin and other cryptocurrencies helps it resist global economic pressures. Russian companies have started using Bitcoin in international transactions. However, the government hasn’t disclosed how these transactions are executed or which companies are involved.
With Bitcoin, Russia is challenging the global financial system. It’s using the cryptocurrency to bypass sanctions, positioning it as a key player in the evolving crypto landscape.
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