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:
- Price prediction: $90,000-$100,000
- Reasoning: Traditional asset holders becoming interested in Bitcoin.
- Read more: Bitcoin Could Hit $100K in Six Months: Bitget COO
“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.”
Coins.ph CEO Wei Zhou:
- 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:
- 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:
- 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
What else is happening:
