- Prominent figures like MicroStrategy’s CEO Michael Saylor have put forth extremely bullish predictions, suggesting that Bitcoin (BTC) could reach $1 million in the future.
- In a recent social media post by CryptoCon, they predicted that Bitcoin appears poised for an approximately $138,000 increase by the end of 2025.
- Max Keiser, President of Volcano Energy, suggested that the largest cryptocurrency by market capitalization could make a $220,000 leap.
The Bitcoin market is currently awaiting a move that could trigger a price increase, but how far might this bullish run go? Let’s explore potential scenarios!
What Are the Future Price Predictions for Bitcoin?
Bitcoin bulls are currently waiting for several potential developments that could trigger a price increase for the leading cryptocurrency. These factors could include regulatory developments, the upcoming halving, positive market sentiment, growing interest from institutional investors, among others.
Prominent figures like MicroStrategy’s CEO Michael Saylor have put forth extremely bullish predictions, suggesting that Bitcoin could reach $1 million in the future. Others, like the technical analyst known as CryptoCon, have been more modest.
In a recent social media post, CryptoCon predicted that Bitcoin appears poised for an approximately $138,000 increase by the end of 2025. The chart showing the potential path indicates some significant support levels the asset would need to surpass and the scheduled halving in spring 2024.
The halving is an event that occurs every four years, reducing the rewards for BTC miners by half. It’s worth noting that the leading cryptocurrency’s valuation reached an all-time high of nearly $70,000 about a year and a half after the last halving.
CryptoCon had previously suggested that Bitcoin could have a new peak by Christmas 2025 in an approximate range of $145,000, claiming that many other experts’ predictions point to a price of around $130,000 in the upcoming bull run.
These Prominent Figures Believe BTC Will Exceed $100,000
Numerous financial experts and cryptocurrency advocates have supported the thesis that BTC will eventually surpass the coveted $100,000 level. These examples include Robert Kiyosaki (author of the best-selling book “Rich Dad Poor Dad”), Adam Back (CEO of Blockstream), Tom Lee (Managing Partner at Fundstrat), Anthony Scaramucci (former White House official), and many others.
Most recently, Max Keiser, an American filmmaker and the President of Volcano Energy, a Bitcoin mining venture based in El Salvador, suggested that the largest cryptocurrency by market capitalization could make a $220,000 leap. According to him, the driving factors behind this leap could be “social unrest” and “societal collapse.”
It’s worth noting that previous global calamities, especially the 2008 financial crisis, played a role in the widespread adoption of Bitcoin. People started seeing it as an investment alternative and a hedge against inflation and the devaluation of fiat currencies.
