Cryptocurrency mining company Blockware has said that the price of bitcoin could rise by up to four times in 2025, or by 58% in the worst case scenario, depending on Donald Trump's strategic bitcoin reserve plan and Federal Reserve policy. Blockware said that if Trump "does not implement" the strategic bitcoin reserve plan, then the $150,000 bear market target is possible, and the industry hopes that this outcome will appear in the early days of Trump's administration. As a "base case," Blockware is targeting $225,000, assuming the U.S. government converts its bitcoin holdings into a strategic bitcoin reserve, the Federal Reserve cuts interest rates as scheduled, and businesses continue to adopt bitcoin at the "current rate." Blockware says a "bull case" bitcoin price of $400,000 is possible if all three factors align.