Key Points

• Both Bitcoin and Solana recently hit all-time highs, and both have sky-high valuations.

• Many investors now consider Bitcoin to be digital gold as a potential hedge against economic uncertainty.

• New spot ETFs could reassure investors that Solana is more than just a blockchain for meme coin speculation.

• 10 stocks we like better than Bitcoin ›

In the second half of the year, two major cryptocurrencies could see a significant breakout: Bitcoin (CRYPTO: BTC) and Solana (CRYPTO: SOL). While both have sky-high valuations right now, both are worth the risk. Here's why.

Bitcoin

Bitcoin remains the top-performing cryptocurrency of the year. It's up nearly 25% in 2025 and just hit another all-time high of $118,856.

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This is the most expensive Bitcoin has ever been, but analysts continue to suggest that it could almost double in value by the end of the year. The U.K. bank Standard Chartered, for example, just put a $200,000 price target on Bitcoin.

Many investors have embraced the idea of Bitcoin being digital gold, viewing it as a potential hedge against inflation and economic uncertainty. Its price plunged immediately after the announcement of President Donald Trump's tariffs on April 2 but has roared back to life. A big reason is the growing perception that the crypto might be able to weather the tariff storm better than traditional financial assets, thanks to its lack of correlation with any major asset class.

Image source: Getty Images.

At the same time, the Bitcoin treasury company model has captured the imagination of investors. First popularized by Strategy, which now holds $65 billion worth of Bitcoin on its balance sheet, this treasury model is being emulated by a host of smaller companies, including Trump Media & Technology Group, where Trump is the largest shareholder.

The concept behind a Bitcoin treasury company is simple: Buy as much of the token as possible, as fast as possible, as cheaply as possible. So, for example, Trump Media & Technology Group recently raised $2.3 billion from investors with the full intention of putting that money to work purchasing Bitcoin.

Things get even more exciting when you consider that the U.S. government might start to purchase it as well. In March, the White House announced the creation of the Strategic Bitcoin Reserve under the auspices of the Treasury Department.

While the executive order did not authorize the government to buy any new Bitcoin, it did reserve room for new purchases, as long as they could be done in a "budget neutral" way. Now that the "big, beautiful bill" is set to be enacted, I'm fully expecting some budgetary sleight-of-hand later this year, as the government explores ways to purchase the crypto.

Solana

Another cryptocurrency with a sky-high valuation is Solana, which hit a new all-time high of $294 the day Trump was inaugurated as president. But it has declined markedly in value since then and currently trades for just $163.

While the decline is worrisome, online prediction markets still give it a 22% chance of hitting a new all-time high before 2026. In other words, some investor give Solana a 1-in-5 chance of roughly doubling in value within the next five months.

A big potential catalyst is the imminent launch of spot Solana exchange-traded funds (ETFs). Right now, Bloomberg thinks that there is a 95% chance that they will be approved by the Securities and Exchange Commission in 2025. And it now looks like the timetable for their approval has been moved up, with a decision potentially coming as early as August or September.

The problem with Solana is that it became synonymous with meme coin culture in 2024. It became the go-to platform to create, launch, and trade meme coins, and that led to a frenzy of meme coin speculation. When Trump launched his meme coin in January, for example, he did so on Solana.

Since then, however, the meme coin market has collapsed, and that has had a dramatic effect on Solana. When the entire global financial system seemed to be faltering a few months ago, the last place you wanted to put your money was a risky blockchain linked to meme coins.

However, we've seen this story before with Solana. In 2022, the price collapsed to just $10. But the following year, the crypto soared more than 900% as investors realized that concerns over its relationship with failed crypto exchange FTX, created by convicted fraudster Sam Bankman-Fried, were overblown.

I'm not saying the same thing is going to happen again, but I do think Solana is a $300 cryptocurrency.

High reward, but also high risk

Both Bitcoin and Solana are risky. Anytime you invest in a cryptocurrency, there's potential for enormous volatility. Making matters even riskier, both cryptocurrencies are coming off recent all-time highs. So, as they say, they're priced for perfection.

However, the reward outweighs the risk in both cases. I'm bullish on them over the short and long term, and confident that they have the potential to double in value before the end of the year.

Should you invest $1,000 in Bitcoin right now?

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Dominic Basulto has positions in Bitcoin and Solana. The Motley Fool has positions in and recommends Bitcoin and Solana. The Motley Fool recommends Standard Chartered Plc. The Motley Fool has a disclosure policy.

The entire cryptocurrency market climbed 66% from just before Donald Trump's election win in November to mid-December. Since then, however, many of the most popular cryptocurrencies have failed to continue moving higher.

Bitcoin (CRYPTO: BTC) has been one of the stronger performers. It set an all-time high in January, and it recently climbed slightly above that level in May. As of June 18, Bitcoin trades for about $105,000.

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But multiple analysts see the value of Bitcoin nearly doubling by the end of the year, reaching $200,000. Here's why analysts are bullish on the leading cryptocurrency.

Image source: Getty Images.

Doubling in just over six months

Over the last couple of months, several analysts have reaffirmed expectations for Bitcoin to climb to $200,000 by the end of the year.

• Bernstein called its $200,000 year-end estimate for Bitcoin "high-conviction and conservative."
• Standard Chartered analysts called for a series of sharp increases during the next few months that could push the price to $200,000 by year-end.
• Bitwise analysts think the fair value of Bitcoin right now is $230,000 but only expect it to reach $200,000 by the end of the year.
• 21Shares strategists also see the cryptocurrency hitting the magic $200,000 mark by year-end as well.

There are several factors supporting the continued increase in Bitcoin's value, according to the analysts.

Bitwise points to the rising U.S. fiscal debt, exacerbated by the new tax bill that passed through the House recently. Analysts argue that Bitcoin presents a type of insurance against sovereign debt defaults since it's a scarce and decentralized asset.

Standard Chartered is seeing data that shows the market agrees with that sentiment. It said exchange-traded fund (ETF) flows are shifting from gold into Bitcoin, suggesting it's more of a safe asset. It also says Bitcoin wallets with more than 1,000 Bitcoins resumed accumulating the asset during recent dips.

21Shares saw the recent Consumer Price Index numbers as a bullish sign for Bitcoin because cooler inflation could give the Federal Reserve the green light to reduce interest rates. That could push wider adoption of riskier assets.

But there's one trend that could drive Bitcoin's price higher well beyond 2025, and it appears to be accelerating.

What can drive Bitcoin long term?

Bitcoin's price is based almost entirely on supply and demand. There's a fixed supply of Bitcoin -- only 21 million will ever exist, of which about 19.9 million are already in circulation. So, strong growth in demand will send its value up over time.

To that end, we're seeing signs of more growth in demand. ETF inflows have reaccelerated after a pullback in March and April. On top of that, there's growing interest in Bitcoin treasury companies that aim to follow in the footsteps of Strategy, formerly known as MicroStrategy, whose main business is buying and holding Bitcoin.

We saw a new pure play on the Strategy Bitcoin treasury idea, Twenty One, agreeing to go public in late April. Trump Media raised $2.5 billion to establish a Bitcoin treasury at the end of May. Several other businesses have taken to the idea of selling shares in their company to buy Bitcoin, injecting billions of dollars of demand and a continuous flow of more demand in the future.

So, not only is there more institutional interest in buying Bitcoin, but there's growing corporate interest as well. The current political environment is making it easier for both to confidently hold Bitcoin on their books, so the trend should continue for a long time.

Most investors can easily invest in Bitcoin through their regular brokerage account by purchasing a Bitcoin ETF. The expense ratios on the best Bitcoin ETFs are relatively low and worth paying for the simplicity and security they provide.

If you'd rather buy Bitcoin directly, opening an account on a crypto exchange isn't difficult, but beware of the hidden costs of crypto transactions, including slippage and take rates from exchanges. You'll also need to remain mindful of security concerns regarding custody of your Bitcoin.

Should you invest $1,000 in Bitcoin right now?

Before you buy stock in Bitcoin, consider this:

The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Bitcoin wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.

Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $659,171!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $891,722!*

Now, it’s worth noting Stock Advisor’s total average return is 995% — a market-crushing outperformance compared to 172% for the S&P 500. Don’t miss out on the latest top 10 list, available when you join Stock Advisor.

See the 10 stocks »

*Stock Advisor returns as of June 9, 2025

Adam Levy has positions in Bitcoin. The Motley Fool has positions in and recommends Bitcoin. The Motley Fool has a disclosure policy.

People love round numbers, and Bitcoin (CRYPTO: BTC) is a notable one, having reached $100,000 late in 2024. After some volatility, something you'll see occasionally when you invest in cryptocurrencies, Bitcoin has recrossed the $100,000 mark and is up 8% during the past month alone.

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Where Bitcoin's price goes tomorrow, or next week, is anyone's guess. However, some exciting catalysts are lining up at the right time that could send Bitcoin's price higher.

Here are four reasons Bitcoin could soar in June.

1. Investor enthusiasm has risen since Bitcoin's price hit $100,000

It's remarkable to think about how far Bitcoin has come. Bitcoin's price crossed the $100,000 marker roughly 15 years after an early Bitcoin investor famously traded 10,000 bitcoins for a couple of pizzas. The Motley Fool conducted research that found that 30% of respondents who had never owned cryptocurrencies were more likely to invest for the first time due to Bitcoin hitting $100,000.

Image source: Getty Images.

The Motley Fool's research also found that 68% of cryptocurrency investors surveyed believe that Bitcoin's price will reach $200,000 in 2025. Market sentiment has a direct impact on Bitcoin's price movement, so such high enthusiasm bodes well for Bitcoin's current momentum.

2. Government spending takes a turn in Bitcoin's favor

The Trump administration and Elon Musk created the Department of Government Efficiency (DOGE) to help reduce federal spending. However, pushback from politicians and the courts has effectively thwarted DOGE's efforts, which also turned out not to do much to reduce spending. Musk has stepped back from his government role, and the looming One Big Beautiful Bill, the Trump administration's budget bill, will likely continue the U.S. government's pattern of running a fiscal deficit.

Bitcoin is a popular anti-inflationary investment. After months of headlines about DOGE's efforts, the pivot back to the government's overspending ways is likely to continue fanning the flames of inflation, which is a tailwind for Bitcoin's price.

3. Trump's latest sign of Bitcoin support

President Donald Trump campaigned on cryptocurrency support, and followed through with an early executive order to establish a strategic Bitcoin reserve. In late May, Trump Media & Technology Group, the parent company of Trump's Truth Social media app, announced a deal to raise $2.5 billion that will help the company begin accumulating Bitcoin.

The Motley Fool's 2025 Cryptocurrency Investor Trends Survey found that Trump's public support for Bitcoin and cryptocurrencies moves the needle, and this announcement is a fresh instance of him putting his weight behind it.

4. Tariff shock is subsiding

Bitcoin rallied in late 2024 on the transition to a more pro-cryptocurrency Trump administration. However, Trump dumped cold water on Bitcoin's price action in early April by announcing aggressive tariffs that shocked and spooked the market. The VIX Index, a commonly used indicator of market fear, spiked to its highest mark since the COVID-19 pandemic.

VIX data by YCharts

Many investors see Bitcoin as a riskier asset than many others, so a fearful market generally works against Bitcoin's price. The market has since calmed down, despite Trump extending and retreating on tariffs on multiple occasions, and different courts issuing conflicting rulings.

Bitcoin has rallied on the perception that such high tariffs seem increasingly unlikely. Things could take a turn for the worse, but assuming that doesn't happen, a calmer market can help Bitcoin continue its rally.

Should you invest $1,000 in Bitcoin right now?

Before you buy stock in Bitcoin, consider this:

The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Bitcoin wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.

Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $651,049!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $828,224!*

Now, it’s worth noting Stock Advisor’s total average return is 979% — a market-crushing outperformance compared to 171% for the S&P 500. Don’t miss out on the latest top 10 list, available when you join Stock Advisor.

See the 10 stocks »

*Stock Advisor returns as of June 2, 2025

Justin Pope has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bitcoin. The Motley Fool has a disclosure policy.

Two stocks that could benefit from President Donald Trump's popularity this year are Trump Media & Technology Group (NASDAQ: DJT) and Newsmax (NYSE: NMAX). The former was launched by Trump in 2021 when he created the Truth Social platform, while the latter features a conservative cable channel that the president has endorsed in the past. Newsmax recently went public, but Trump Media's stock has been around for a little over a year after merging with Digital World Acquisition Corp.

Which of these two stocks is likely to perform better this year and over the long haul?

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The case for Trump Media

Trump Media stock is more closely aligned with President Trump's brand and image. It involves his Truth Social platform and streaming business.

The company has also been looking at crypto as a growth opportunity, recently partnering with crypto.com, which plans to offer exchange-traded funds comprising both digital and non-digital assets. Among the possible ETFs that could soon be available are a "Made in America" ETF and a "Bitcoin Plus" fund. While the details of those funds are not known, Trump Media has applied to trademark investment products with those names.

Trump Media is also well-funded, finishing last year with $777 million in cash and short-term investments. That liquidity can give the business lots of runway to grow even as it's still burning through cash. The company's net sales totaled just $3.6 million last year, but with plans to offer more services and greater opportunities for monetization ahead, there could be strong growth on the horizon for the company.

The case for Newsmax

Shares of Newsmax went public last month and at a market cap of less than $2 billion, it's a cheaper option than Trump Media stock (worth nearly $5 billion). And the company also has a much more established business today, centering around its cable channel and website.

Last year, Newsmax reported more than $171 million in revenue, with its top line growing by 26% year over year. The company incurred a loss of more than $72 million but with strong gross profit margins of around 50%, there may be hope for the business to one day turn a profit as it scales its operations and adds to its subscribers.

With the company focused on conservative news, it could stand to benefit from President Trump's strong popularity. Newsmax rose in prominence during Trump's first presidential term as he soured on once-favored Fox News, which he called "unwatchable" back in 2020.

Which stock is the better buy?

Although both media stocks present risks and neither is a safe buy, if you're deciding between the two, I'd go with Newsmax.

At this stage, Trump Media doesn't seem to be much more than a meme stock. It isn't generating much revenue, and simply having a strong cash balance doesn't make it an investable business. It's a speculative buy, and year to date, it has fallen more than 36%. What's concerning is that even amid that decline, it still looks egregiously overpriced and has plenty of room to fall even lower.

Almost by default, Newsmax looks to be the better option right now. Its valuation is lower, and its business is growing quickly. But with steep losses, it's not a safe stock to own either. However, with an established business and more modest valuation, I expect it'll outperform Trump Media this year and beyond.

Should you invest $1,000 in Newsmax right now?

Before you buy stock in Newsmax, consider this:

The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Newsmax wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.

Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $566,035!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $629,519!*

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David Jagielski has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Trump Media (NASDAQ: DJT) stock is seeing big gains Wednesday amid an increase in bullish sentiment across the market. The company's share price was up 10.3% as of 2:15 p.m. ET. Meanwhile, the S&P 500 was up 2%, and the Nasdaq Composite had climbed 3.1%.

On the heels of big gains yesterday, the stock market is moving higher again today following statements from President Donald Trump and other administration officials that suggest a desire to reach a trade deal with China. Trump Media's valuation is also moving higher in response to news about the company's plans to launch exchange-traded funds (ETFs) through its Truth.Fi brand.

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Trump Media stock surges as market rallies on trade hopes

The stock market has continued to be highly volatile this week. After Trump's call for immediate interest rate cuts and criticism of Federal Reserve Chair Jerome Powell prompted a steep pullback Monday, the market has rebounded in response to some seemingly favorable macroeconomic news. Following an initial report yesterday that Treasury Secretary Scott Bessent expected a de-escalation of the U.S.-China trade war, subsequent comments from Trump and other officials seem to have confirmed that the administration wants to make a deal that would lower tariffs. A potential resolution to trade-related pressures has investors feeling bullish today, and Trump Media stock is gaining ground thanks to the momentum.

Is Trump Media's big pivot the right move?

In a press release published yesterday, Trump Media announced details about new ETFs that it will be launching through its Truth.Fi brand and a collaboration with Crypto.com and Charles Schwab. Trump Media has now signed a definitive agreement with Crypto.com to launch multiple ETFs that will include both digital assets and stocks.

The push into the financial products space represents a major pivot for Trump Media, which has mostly been focused on its Truth Social media platform and Truth+ streaming service up to this point. It's still far too early to tell whether the push into financial products will pay off. But given that the company generated just $3.6 million in sales last year, the venture at least provides a feasible new avenue for growth that could help energize performance.

Should you invest $1,000 in Trump Media & Technology Group right now?

Before you buy stock in Trump Media & Technology Group, consider this:

The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Trump Media & Technology Group wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.

Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $561,046!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $606,106!*

Now, it’s worth noting Stock Advisor’s total average return is 811% — a market-crushing outperformance compared to 153% for the S&P 500. Don’t miss out on the latest top 10 list, available when you join Stock Advisor.

See the 10 stocks »

*Stock Advisor returns as of April 21, 2025

Charles Schwab is an advertising partner of Motley Fool Money. Keith Noonan has no position in any of the stocks mentioned. The Motley Fool recommends Charles Schwab and recommends the following options: short June 2025 $85 calls on Charles Schwab. The Motley Fool has a disclosure policy.