Although Bitcoin (BTC) has recently shown some signs of stagnation, like much of the cryptocurrency market, many experts remain optimistic about its long-term future, the most optimistic cryptocurrency predictions The top prize will be up to 1 million USD.
It turns out that the author of the book "Undressing Bitcoin", marketing consultant and podcast host Layah Heilpern, has listed ten financial and investment experts and companies, along with predictions their future Bitcoin price, in one list. Article X. shared on September 14.
Specifically, Heilpern started with billionaire investor and venture capitalist Tim Draper, who initially predicted that Bitcoin would reach a price of $250,000 by June 2023, but later pushed back on the prediction until 2025, saying he has not yet reached the $250,000 price point. I didn't expect US regulators to be so drastic.
$1 million at stake?
Meanwhile, Adam Back, an early pioneer in the crypto space and CEO of blockchain company Blockstream, said in August that Bitcoin could reach $100,000 before the 2024 halving, a figure similar to the suggestion of Robert Kiyosaki, who recently said that Bitcoin could even reach $1 million if the global economy collapses.
At the same time, $1 million by 2030 is the price target for Bitcoin, also predicted by Cathie Wood, the CEO of global asset manager ARK Investment Management, back in June 2023, having reiterated that “Bitcoin is a hedge against inflation” – a view shared by many other experts.
In July, Mike Novogratz, the CEO of crypto investment firm Galaxy Digital, said Bitcoin would undoubtedly reach $500,000 in the next five years or so due to its adoption pace and unique features, such as being “tailor-made to being an anti-inflation store of value.”
Furthermore, Fundstrat Global Advisors co-founder Tom Lee believes that Bitcoin is heading toward $180,000 by the end of 2024, particularly if the US Securities and Exchange Commission (SEC) approves a spot Bitcoin exchange-traded fund (ETF).
Arthur Hayes, the co-founder of crypto exchange BitMEX, sees $70,000, slightly above Bitcoin's all-time high (ATH) of $69,045 from November 202, as the most likely scenario in a rally triggered by the possible decision of the US Federal Reserve on cutting interest rates, as he wrote in his digest on September 12.
What companies say
On the other hand, investment banking and asset management giant JPMorgan Chase (NYSE:
JPM) is a bit more conservative in its estimation, projecting $45,000 as a bull case scenario price for Bitcoin, provided it equals gold in risk capital or volume-adjusted terms in investors' portfolios.
That said, in its recent “Blockchain Letter,” published on August 22, the team at Pantera Capital, one of the leading names in crypto asset management, highlighted its bullish outlook for 2024 and projected that Bitcoin could rise to around $148,000 in its next four-year halving cycle if past trends hold.
Meanwhile, Standard Chartered, a leading international bank in the UK that provides custody of Bitcoin and cryptocurrencies in the European Union through its subsidiary Zodia Custody, recently increased its initial forecast. 100,000 USD by the end of 2024 for Bitcoin at 120,000 USD. .
Finally, Heilpern added his own prediction of $75,000 for the top decentralized finance (DeFi) asset to the list, then set a timetable to reach that price target by some time. some point in 2025 in the comments section.
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