Bitcoin price could surge in 2025 driven by global money supply growth, ETF adoption, and retail inflows.

• Record global money supply growth is a big tailwind for Bitcoin.

• Spot Bitcoin ETFs could soon surpass gold holdings, boosting BTC’s reserve-asset status.

• Retail inflows remain limited but could ignite a strong rally if mainstream interest returns.

Bitcoin 

 last traded at $120,000 on July 23, prompting traders to question whether a new all-time high is still possible this year.

Global economic uncertainty and the sustainability of the artificial intelligence sector remain the biggest risks.

Still, three major near-to-medium-term drivers could set Bitcoin on a path well above its current $2.3 trillion market capitalization.

Some analysts expect Bitcoin to surpass gold’s $23 trillion valuation, while others argue that a full decoupling from tech stocks will take much longer as adoption remains in its early stages.

Even if investor perception does not shift, the expansion of the global monetary supply is laying the groundwork for a new paradigm, and Nvidia (NVDA) may be signaling that change.