To begin the new year, numerous market analysts and onlookers expressed their predictions for Bitcoin‘s price, often aiming for $150k during this particular cycle. Nevertheless, a trader argues that a target of $150k might underestimate the true potential of Bitcoin, as they believe that the leading cryptocurrency is entering this phase with an upward trend in institutional acceptance.
As per Alex Becker (@ZssBecker), the $150k target is deemed too modest and brief, equating to merely one-sixth of gold’s market capitalization. Instead, he envisions a price range of $250k to $400k as a more suitable and plausible target for Bitcoin during this cycle.
A Measly 48% Gain If Bitcoin Hits $150k
As per CoinMarketCap’s data, the current trading price of Bitcoin is approximately $101,690. If it were to reach $150,000, that would represent a 48% increase from its current value. However, even at this potential new high, Bitcoin would still only be increasing by 38% compared to its all-time peak value of $108,249.
Many individuals, along with their pets’ owners, seem to believe that we are approaching the significant latter phase of Bitcoin’s cycle, potentially leading towards a price level around $150,000.
Call me crazy, but I think we are calling this way to low and way to short.
$150k is only 1/6th the market cap of gold.
We have the biggest funds, nations and corporations…
— Alex Becker (@ZssBecker) January 16, 2025
As per Becker’s viewpoint, it seems irrational to confine the value of Bitcoin at merely $150k, considering that at this price, its total market capitalization would amount to just one-sixth of gold’s market cap.
In the very same post, Becker elucidates the reasons behind the potential increase in the digital asset’s price reaching new heights. He points out the growing acceptance of the primary cryptocurrency across nations, investment funds, and corporations. Furthermore, Becker notes that numerous countries and businesses view Bitcoin as a valuable asset to hold.
Analyst Targets $250k To $400k
Following his assertion that $150,000 was an overly modest valuation for Bitcoin, Becker instead proposed a more plausible estimation for the digital currency. He reasoned that during this particular market cycle, the value of Bitcoin could escalate from $250,000 to as high as $400,000.
According to another well-known crypto analyst, Will Clemente, sentiments similar to Becker’s were expressed in a Twitter post on January 16th. In this post, Clemente suggested that the market value of BTC is likely to increase once more countries establish a Bitcoin reserve pool.
Clemente anticipates that Bitcoin could potentially reach $1 million. Additionally, he posits that as more countries incorporate cryptocurrencies into their strategic reserves, it wouldn’t be surprising if governments began amassing this digital asset.
Other Crypto Firms, Players Target Higher Price For BTC
As Donald Trump’s presidency was about to begin, numerous businesses and crypto analysts presented their predictions regarding Bitcoin prices. In a post shared on December 29th, Blockware Solutions suggested that if Trump decided against plans for a Bitcoin reserve, the “bear case target” could potentially reach $150k.
As a researcher examining the potential impacts of the proposed presidential plans, it appears that the estimated baseline value for the alpha coin could reach approximately $225,000. This valuation could potentially surge even higher, potentially reaching as much as $400,000 under the given circumstances.
As a researcher delving into the realm of digital assets, I find myself aligning with the optimistic outlooks presented by both VanEck and Bitfinex. They project that Bitcoin, the pioneering cryptocurrency, could potentially surge to $180k and even $200k respectively, before the year’s end for the former, and mid-2025 for the latter. These forecasts, while speculative, underscore the potential growth trajectory of this groundbreaking technology in the coming years.
As per Becker’s previous analysis, the $150k target was plausible due to limited institutional investment in the asset. But, considering the growing acceptance and beneficial regulatory environment we are now witnessing, a $150k projection appears unlikely.
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2025-01-17 23:10