The price of Bitcoin (CRYPTO: BTC) soared 119% in 2024, and the bulls have been out in full force lately, making predictions about where the cryptocurrency is headed this year. Most recently, the head of research at Fundstrat, Tom Lee, said the price of one Bitcoin could reach as high as $250,000 by the end of 2025. Last year, the Securities and Exchange Commission (SEC) approved spot Bitcoin exchange-traded funds (ETFs), which follow Bitcoin's price movements.