Bitcoin Could Reach $150K This Year, Say Industry Leaders

Photo for the Article - Bitcoin Could Reach $150K This Year, Say Industry Leaders

Industry leaders predict Bitcoin could reach $80,000 to $150,000 by the end of the year.

What’s the significance? These (non-financial advice) projections highlight the strong confidence within the cryptocurrency community and suggest potential significant growth for Bitcoin, attracting more investors and mainstream interest.

TLDR: Number go up.

Bitget COO, Vugar Zade:

Photo for the Article - Bitcoin Could Reach $150K This Year, Say Industry Leaders

“I’m very confident that we will be seeing an all-time high very soon again and I’m talking around like a $90,000 to $100,000 kind of an all-time high within the next six months. I’m very confident about that and I believe that will be one of the things that will put Bitcoin again back into the narrative of large players.” CEO Wei Zhou:

The Future of Crypto After Bitcoin Halving and ETF | BitPinas Webcast 50
  • Price prediction: $100,000
  • Reasoning: Bitcoin ETF, institutional, and retail adoption.

“I think it’s gonna be 100,000 dollars by the end of the year. I can see that it takes basically just one rally to get there. My upside case for this full cycle, for the next two to three years, is actually I think it’s gonna be closer to $300,000. Then my bull case for anything, if you’re investment horizons for like five years. I think it’s gonna cross a million.”

XD Academy CEO, Lawrence Linker:

  • Price prediction: $150,000

“I’m gonna say 150 (thousand). I think we’re gonna cross. I think we’re gonna cross the 100K at some point this year. My bull case is 150; if not, I think we will cross the 100K barrier, but maybe you know, it pulls back a little bit from there and goes to like 85  (thousand) something like that. But if the stars align, I think we’re gonna see one.”

The Whizkid Trader, Joseph Lejarde:

Beginners Guide: What Does A Newbie Portfolio Look Like? With Joseph Lejarde/Whizkid Trader and PDAX
  • Price prediction: $80,000 – $100,000
  • Reasoning: Marcroeconomic factors.

“Based on macroeconomic factors, as long as oil prices stay below $80 and inflation decreases, there’s a high probability that Bitcoin might reach $80,000. $80,000 is still a conservative estimate; it’s a small figure on the chart. If the market performs exceptionally well, it could more likely reach $90,000 to $100,000 by the end of the year, provided that the prices of goods continue to decrease.”

Coinstore Global Head of Business Development, James Toh:

  • Price prediction: $80,000
  • Reasoning: Buying presure

“The buying pressure is higher usually because of the mainstream rolling out of ETFs. I think the chance of going beyond the all-time high is actually higher than dropping. $85,000-$90,000 is something we can easily hit.”

AIBC Managing Director and Conference Producer, Olga Yaroshevsky:

  • Price prediction: $80,000

“By the end of the year let’s see what happens; personally, I think bitcoin doesn’t need more drama. I think it needs just a little bit more study development. By the end of the year, I’d say $80,000 tops which is not bad as well.”

Museigen co-founder, Fermin D. Barrenechea III:

Basic Crypto Investing and Trading Strategies For Beginners
  • Price prediction: more than $100,000

“I am looking at bitcoin above a hundred thousand. Let’s look at Plan B; ‘yung chart n’ya for the stock to flow model you will see that the $100,000 is actually conservative.”

However: While the forecasts are positive, there remains uncertainty and volatility in the market. 

What to watch: Monitor macroeconomic indicators, regulatory developments, and technological advancements, as these factors will significantly impact Bitcoin’s trajectory in the coming months.

Context and zooming out:

Last March 14, 2024, Bitcoin surged to another ATH of $73,835.57. And recently, it also transitioned to a new cycle after the halving happened last April 20, 2024.

Earlier this year, international entities have shared their BTC price predictions for 2024.

  • Matrixport: $125,000 by year-end.
  • Bitwise Invest: Above $80,000 post ETF launch.

This article is published on BitPinas: Bitcoin Could Reach $150K This Year, Say Industry Leaders

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