Here's the good news -- a surprising number of investors are still relatively confident about Bitcoin's prospects in 2025. Based on data from the Kalshi online prediction market, 35% of investors think Bitcoin could hit $125,000 this year, and 16% think it's still on the path to $150,000. To make this problem as easy to solve as possible, I've mentally divided Bitcoin's catalysts into two categories: "old" and "new."