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- Given factors like the upcoming halving and increased institutional interest, Bitcoin could reach around $138,000 by 2025, CryptoCon has predicted.
- After the last halving, Bitcoin reached nearly $70,000. Expectations for the next peak are between $130,000 and $145,000.
- Prominent figures, including Robert Kiyosaki and Max Keyser, support Bitcoin surpassing $100,000, and Keyser predicts a peak of $220,000 due to societal influences and historical events.
BTC is expected to rise 400% in two years
Bitcoin bulls are currently awaiting several developments that could send prices of the underlying cryptocurrency higher. These factors may be regulatory developments, the upcoming halving, positive market sentiment, increased interest from institutional investors, and others.
Some high-profile names have done so, including MicroStrategy’s Michael Saylor Developed The forecast is very bullish, as it envisions BTC reaching the million-dollar mark in the future. Others, like technical analyst X CryptoCon, were more modest.
In a recent post on social media, they said: And he expected BTC appears poised to rise to nearly $138,000 by the end of 2025. The chart depicting the potential path shows some vital support levels that the asset needs to overcome and the halving, scheduled to take place in the spring of 2024.
The latter is an event that occurs every four years and halves the rewards for BTC miners. It is worth noting that the valuation of the leading cryptocurrency reached an ATH of about $70,000 a year and a half after the last halving.
CryptoCon previously suggested that Bitcoin’s new peak by Christmas 2025 could be in the region of $145,000, claiming that several other expert forecasts point to a price of around $130,000 in the next bull run.
These prominent figures believe that BTC will cross the $100,000 mark
Many finance experts and cryptocurrency advocates have supported the hypothesis that Bitcoin will eventually surpass the desired level of $100,000. Such examples are Robert Kiyosaki (Author of the best-selling book Rich Dad, Poor Dad), Adam Buck (CEO of Blockstream), Tom Lee (Managing Partner at Fundstrat), Anthony Scaramucci (former White House official), and many others.
Most recently, Max Keiser – the American director and president of El Salvador-based Bitcoin mining startup Volcano Energy – is expected The largest cryptocurrency by market capitalization could jump to $220,000. According to him, the driving factors for this boom may be “social unrest” and “societal collapse.”
Remember, previous global disasters, such as the COVID-19 pandemic, have led to increased interest in cryptocurrencies, especially Bitcoin. The asset has been the subject of mass adoption after individuals viewed it as a hedge against inflation and somewhat of an alternative to low-value fiat currencies.
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