Analysis of recent Bitcoin → loonie forecasts for 2025. We collate forecasts from respected FX analysts together with the latest Bitcoin to Canadian dollar performance and trends.
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Forecasts for BTC to CAD
The BTC to CAD exchange rate has recently seen significant fluctuations, with Bitcoin pricing around CAD 143,057, marking a substantial 10.8% increase compared to its three-month average of CAD 129,076. This surge in Bitcoin's value follows a notable rebound after emerging from a bear market, where it has outperformed traditional risk assets like U.S. stocks and gold. Analysts suggest that this price movement signals a growing perception of Bitcoin as a safe-haven asset, potentially decoupling from correlated market assets.
Meanwhile, the Canadian dollar (CAD), often referred to as the "loonie," has benefited from rising oil prices, underscoring its status as a commodity-linked currency. The recent upward momentum in oil prices has bolstered the CAD, with the currency expected to extend its gains if this trend continues. However, oil prices are currently at 14-day lows near USD 63.90, which is 5.1% below the three-month average of USD 67.32, indicating ongoing volatility. Oil has traded in a significant 24.7% range from USD 60.14 to USD 75.02, further contributing to uncertainties in CAD valuation.
Market analysts note that the CAD's future performance will largely depend on continued movements in the oil market, alongside policy decisions from the Bank of Canada, which influence interest rates and overall economic conditions. As Canada remains a top oil exporter, fluctuations in oil prices directly impact the strength of the loonie, with recent data illustrating the close relationship between commodity prices and CAD value.
As Bitcoin continues to navigate its recovery trajectory, the relationship between BTC and CAD remains dynamic, especially as the broader economic landscape evolves. Traders and investors should closely monitor both cryptocurrency market trends and fluctuations in oil prices to inform their strategies in this highly responsive environment.
Exchange rates can vary significantly between different currency exchange providers, so it's important to compare
Bitcoin (BTC) to Canadian dollar (CAD) rates from different sources before making a conversion.
Use our
BTC to CAD calculator to see how much you could save on your international money transfers.
makes it easy to compare the Total Cost you are being charged on Bitcoin to Loonie currency rates and the possible savings of using various providers.
Date
BTC/CAD
Change
Period
16 May 2025
144552.75
1.5% ▲
2 Week
01 Mar 2025
124456.40
17.9% ▲
3 Month
30 May 2024
93500.29
56.9% ▲
1 Year
31 May 2020
13043.56
1024.7% ▲
5 Year
02 Jun 2015
280.71
52159.3% ▲
10 Year
BTC/CAD historic rates & change to 30-May-2025
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Will the Bitcoin rise against the Canadian dollar?
It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.
To help with this you can add BTC/CAD to your personalised Rate Tracker to track and benefit from currency movements.
Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more