A prominent cryptocurrency trader described the notion of Bitcoin reaching only $150,000 as “silly low” during this market cycle, anticipating broader acceptance of the digital currency by nations and corporations as a store of value. The trader, Alex Becker, voiced his opinions in a social media post, suggesting that there is no reason for Bitcoin to plateau at $150,000. Instead, he predicted that prices between $250,000 and $400,000 are more plausible, considering the anticipated adoption by major countries and firms.
Currently, Bitcoin is priced at $101,690, and a move to $150,000 would signify a significant rise from its current standing, though still leaving it at roughly one-sixth of gold’s market capitalization. Bitcoin’s global value is approximately $1.97 trillion, whereas gold’s is $18.44 trillion.
In alignment with Becker’s views, crypto analyst Will Clemente projected that with strategic reserve status adoption by countries, Bitcoin could soar to $1 million. He emphasized the likelihood of nations incorporating Bitcoin to preserve purchasing power in a competitive global landscape. Meanwhile, forecasts from Blockware Solutions suggest a conservative target of $150,000, assuming no major policy shifts. More optimistic projections from VanEck and Bitfinex anticipate peaks of $180,000 and $200,000, respectively, by 2025.
Becker realized that a $150,000 target might have been reasonable in previous cycles but believes it does not align with the current institutional recognition of Bitcoin. This comes amid mounting anticipation surrounding Donald Trump’s imminent presidential inauguration, with many in the crypto community hopeful for policy announcements beneficial to digital currencies. A source indicated Trump might address issues of crypto banking and related financial policies early in his term.
