Shifts in market participants could significantly affect crypto prices in 2025. If institutional investors increase their involvement, spurred by favorable regulations and technological advancements, demand might rise, potentially pushing prices higher. Conversely, a surge in retail investors or stricter regulations could amplify volatility, causing unpredictable price swings. Global economic instability might drive more people to crypto as a hedge, further impacting prices. Additionally, changes in miners’ or whales’ behavior—such as miners selling more due to rising costs—could exert downward pressure. However, the crypto market’s unpredictability means these are only possible scenarios, with actual outcomes depending on a complex mix of factors.