CleanSpark CEO Predicts Bitcoin Surge to Nearly $200,000 within 18 Months

COINOTAG news reported on September 30, with insights from TheBlock. CleanSpark’s CEO Zach Bradford anticipates Bitcoin approaching $200,000 in this market cycle. “Based on current analyses, Bitcoin might peak slightly under $200,000 within the next 18 months,” Bradford shared, emphasizing a potential rapid market surge that could sustain before reentering a bear market phase. He further noted, “Post-halving, Bitcoin prices have historically appreciated due to capital flows and election cycles. We might witness a significant price uptick post-election, extending to January. The Federal Reserve’s delayed interest rate cuts could lead to more aggressive measures in the coming 15 to 16 months, favoring Bitcoin.” Bradford highlighted CleanSpark’s strategy of selling Bitcoin near its peak and accumulating more during recessions. Since June 2023, CleanSpark has retained 97% of its mined Bitcoin, currently holding nearly 8,000 BTC (about $509 million), prepping for a sale in the next bull market.