Bitcoin Price Forecast Of $150,000 ‘Too Low’ Amid Rising Adoption, Crypto Trader Says
With Bitcoin (BTC) once again surging above $100,000 and approaching a new all-time high (ATH), most cryptocurrency analysts predict that the major cryptocurrency will reach around $150,000 during this market cycle peak. However, some experts believe that such a target is “too low” for Bitcoin, given its growing popularity and changing market dynamics.
$150,000 Target Is Too Low for Bitcoin
Cryptocurrency trader Alex Becker recently shared his thoughts on Bitcoin price action on X. trader explain Although the market generally believes that Bitcoin will reach a peak of $150,000 this cycle, he believes that target is “too low and too short-term.”
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Becker believes that at $150,000, Bitcoin’s market value is only equivalent to one-sixth of gold, and there is still a lot of room for growth. He described the idea of Bitcoin reaching just one-sixth of gold’s market capitalization as “stupidly low.”
As of this writing, Bitcoin’s total market capitalization is $2.06 trillion. In comparison, gold’s market capitalization is much higher at approximately $18.5 trillion.
As for the reason, the trader pointed out that unlike past market cycles, the situation for BTC in the current cycle is very different. Top Cryptocurrencies Coming Soon benefit Favorable regulations from the Donald Trump administration, and Increase Adopted by corporations and sovereign nations as a store of value.
Becker predicts that driven by these factors, BTC may peak between $250,000 and $400,000. His views are in line with those of cryptocurrency analyst Will Clemente.
in the most recent postal On X, Clement noted that if one country adopted Bitcoin as a strategic reserve asset, it could trigger a domino effect, forcing other countries to follow suit. Clement elaborated:
Once a country adopts BTC as a strategic reserve asset, DCA becomes essentially nationalistic about that asset. This is then applied to every country on the planet that wishes to do so in a game theoretic manner while maintaining purchasing power.
Is a BTC supply crunch approaching?
As more and more companies Add to Bitcoin to their balance sheet and guess The active supply of Bitcoin may come under pressure as the United States potentially builds a strategic reserve of Bitcoin.
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Cryptocurrency analyst Miles Deutscher recently noted in X postal Bitcoin balances on cryptocurrency exchanges have hit a seven-year low. Historically, reductions in exchange supply have been associated with sharp parabolic price increases for the asset.
Other predictions estimate By the summer of 2025, BTC may peak around $200,000. At press time, Bitcoin was trading at $103,973, up 5.7% in the past 24 hours.
Featured images from Unsplash, charts from X and TradingView.com
