At the start of the year, many market analysts and observers shared their price expectations for Bitcoin, with many targeting $150k this cycle. However, a price target of $150k doesn’t do justice to Bitcoin, says one trader, arguing that the world’s flagship crypto asset is coming into this cycle with increasing institutional adoption.
According to Alex Becker (@ZssBecker), a $150k target is “too low and too short” and only represents 1/6th of gold’s market cap. Instead, Becker sees a price of $250k to 400k as a better and more realistic target for Bitcoin this cycle.
A Measly 48% Gain If Bitcoin Hits $150k
According to CoinMarketCap, Bitcoin is trading at $101,690, and if it were to hit $150k, then this would represent a 48% increase and only a 38% increase from its all-time value of $108,249.
Everyone and their dog thinks we are entering the final BIG leg of the cycle towards a $150kish BTC.
Call me crazy, but I think we are calling this way to low and way to short.
$150k is only 1/6th the market cap of gold.
We have the biggest funds, nations and corporations…
— Alex Becker
(@ZssBecker) January 16, 2025
According to Becker, it’s crazy to limit the price of Bitcoin to just $150k. At this value, this is only equal to 1/6th of gold’s market cap.
In the same post, Becker explains why the digital asset can hit a higher high. He mentions the increasing adoption of the flagship crypto among nations, funds, and corporations. Becker adds that many countries and firms look at Bitcoin as a store of value and want to hold the asset.
Analyst Targets $250k To $400k
After calling the $150k mark a “silly low price” for Bitcoin, Becker offered a more realistic target for the asset. He argued that Bitcoin will rise from $250k to $400k this cycle.
Becker’s sentiments were shared by Will Clemente, another popular crypto analyst. In his January 16th post on Twitter/X, Clemente argued that BTC will continue to appreciate in market price as soon as more countries adopt a Bitcoin reserve pool.
Clemente predicted that Bitcoin has the strength to hit $1 million. He further stated that once countries adopt a strategic reserve for the crypto, it’s only natural for the government to start stockpiling the asset.
Other Crypto Firms, Players Target Higher Price For BTC
With Donald *****’s presidency just around the corner, many firms and crypto analysts offer their price takes on Bitcoin. Blockware Solutions, in a post shared last December 29th, said that $150k is the “bear case target” for Bitcoin in case ***** decides not to pursue the plans to launch a BTC reserve.
However, if the President pushes with the plans, the alpha coin’s probable base price is $225k, which can go up to $400k.
VanEck is also offering a more rosy picture for Bitcoin, saying that this digital asset may hit $180k by the end of the year. Bitfinex suggested that it may reach $200k by mid-2025.
According to Becker, the $150k target a few months ago was on target since only a few institutions are invested in the asset. However, in the current landscape of increasing adoption and favorable regulations, a $150k target just doesn’t make sense.
Featured image from DALL-E, chart from TradingView