On May 22, Bitcoin reached a new all-time high of $112,000. This sparked discussions in the crypto community: will the digital currency continue rising or face a sharp decline?

Supporters point to Bitcoin’s widespread adoption among retail and institutional investors, strong inflows into spot ETFs (over $1.5 billion in May), and growing interest from companies and governments. They believe the price could reach $150,000 in 2025.

Skeptics call the current price overheated, comparing the situation to the 17th-century Dutch tulip mania. In their view, Bitcoin is overvalued and may fall to levels around $70,000 or lower.

According to prediction markets, the probability of reaching $125,000 is estimated at 78%, $150,000 at 43%, and dropping below $70,000 at 22%.