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At the beginning of the year, many analysts and market observers shared their price expectations for Bitcoin, and many of them targeted the amount of 150,000 for this cycle. dollars. However, the target price is PLN 150,000. dollars doesn’t do Bitcoin justice, says one trader, arguing that the world’s flagship crypto asset is entering this cycle as institutional acceptance grows.
According to Alex Becker (@ZssBecker), the target level is 150,000. dollars is “too low and too short” and constitutes only 1/6 of the market capitalization of gold. Instead, Becker sees a price of 250,000. up to 400 thousand dollars as a better and more realistic target for Bitcoin this cycle.
A paltry 48% profit if Bitcoin reaches 150k. dollars
According to CoinMarketCap, Bitcoin is listed at USD 101,690, and if it reached the level of 150 thousand dollars, this would represent an boost of 48% and only 38% compared to its all-time value of $108,249.
Everyone and their dog thinks we are entering the last BIG stage of the cycle towards 150k BTC. dollars.
Call me crazy, but I think we’re ringing too low and far too tiny this way.
150 thousand dollars is only 1/6 of the market capitalization of gold.
We have the largest funds, nations and corporations…
— Alex Becker 🍊🏆🥇 (@ZssBecker) January 16, 2025
According to Becker, it is madness to limit the price of Bitcoin to just 150,000. dollars. At this value, it is only 1/6 of gold’s market capitalization.
In the same post, Becker explains why a digital asset can reach a higher peak. He mentions the growing adoption of the flagship cryptocurrency among nations, funds and corporations. Becker adds that many countries and companies see Bitcoin as a store of value and want to maintain it.
The analyst is aiming for PLN 250,000-400,000. dollars
After naming the amount of 150 thousand dollars “stupidly low price” for Bitcoin, Becker proposed a more realistic target for this asset. He claimed that Bitcoin will boost from 250,000 this cycle. dollars up to 400 thousand dollars.
Becker’s sentiments were shared by Will Clemente, another popular cryptocurrency analyst. In his January 16 post on Twitter/X, Clemente argued that the market price of BTC will continue to rise as more countries adopt the Bitcoin reserve pool.
Clemente predicted that Bitcoin has the strength to reach $1 million. He further stated that once countries adopt a strategic reserve for cryptocurrencies, it will be natural for the government to start stockpiling these assets.
Other crypto companies, players are targeting a higher price for BTC
WITH Donald Trump’s presidency just around the corner, many cryptocurrency companies and analysts are offering their prices on Bitcoin. Blockware Solutions, in a post shared on December 29 last year, stated that 150,000 dollars is a “bear target” for Bitcoin in case Trump decides not to pursue plans to launch a BTC reserve.
However, if the President pushes through the plans, the likely base price of the alpha coin will be 225,000. dollars, and may even boost to 400 thousand. dollars.
VanEck also offers a rosier picture of Bitcoin, saying the digital asset could reach $180,000. dollars by the end of the year. Bitfinex suggested that it could reach 200,000 by mid-2025. dollars.
According to Becker, the target level is 150,000. dollars set a few months ago was intentional because only a few institutions invest in these assets. However, in the current landscape of increasing adoption and favorable regulations, the goal of 150,000. dollars just doesn’t make sense.
Featured image from DALL-E, chart from TradingView