At the beginning of the year, many market analysts and observers shared their Bitcoin price predictions, with many targeting $150,000 this cycle. However, the $150,000 price target doesn’t do justice to Bitcoin, says one trader, arguing that the world’s leading cryptocurrency asset is entering this cycle with growing institutional adoption.
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According to Alex Becker (@ZssBecker), the $150,000 target is “too low and too short” and represents only 1/6 of gold’s market capitalization. Instead, Baker sees a price of $250,000 to $400,000 as a better and more realistic target for Bitcoin this cycle.
A small profit of 48% if the price of Bitcoin reaches $150,000
According to CoinMarketCap, Bitcoin is Trading at $101,690 If it reaches $150,000, that would represent a 48% increase and only a 38% increase from its total value of $108,249.
Everyone and their dog thinks we are entering the last big leg of the cycle towards $150k Bitcoin.
Call me crazy, but I think we consider this trend to be low and short.
$150,000 represents only one-sixth of the market value of gold.
We have the largest funds, countries and companies.
– Alex Becker 🍊🏆🥇 (@ZssBecker) January 16, 2025
According to Baker, it is crazy to set the price of Bitcoin at only $150,000. At this value, this is only equal to 1/6 of the market value of gold.
In the same post, Becker explains why the digital asset has reached an all-time high. It mentions the growing adoption of leading cryptocurrencies among countries, funds and companies. Baker adds that many countries and companies view Bitcoin as a store of value and want to hold onto the asset.
The analyst is targeting $250,000 to $400,000
After calling the $150,000 mark a “ridiculous low price” for Bitcoin, Baker offered a more realistic target for the asset. He said that Bitcoin will rise from $250,000 to $400,000 this cycle.
Baker’s sentiments were shared by Will Clemente, another famous cryptocurrency analyst. In his January 16 post on Twitter/X, Clemente said that the market price of Bitcoin will continue to rise once more countries adopt the Bitcoin reserve pool.
Clemente predicted that Bitcoin has the strength to reach $1 million. He also stated that once countries adopt a strategic cryptocurrency reserve, it is natural for the government to start hoarding assets.
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Other cryptocurrency companies, players are targeting a higher price for BTC
with Donald Trump’s presidency Just around the corner, many companies and cryptocurrency analysts are offering their rates for Bitcoin. Blockware Solutions, in a post shared last December 29, said that $150,000 is the “bearish target” for Bitcoin in the event that Trump decides not to pursue plans to release a BTC reserve.
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However, if the president goes through with the plans, the potential base price for Alpha Coin is $225,000, and could reach $400,000.
Van Eyck She also presents a rosier picture for Bitcoin, saying that the digital asset could reach $180,000 by the end of the year. Bitfinex He suggested it could reach $200,000 by mid-2025.
According to Baker, the $150,000 target a few months ago was on target since only a few institutions were originally investing in the asset. However, in the current landscape of increasing adoption and favorable regulations, the $150,000 goal doesn’t make sense.
Featured image from DALL-E, chart from TradingView