Several predictions about the price of the queen of cryptos are emerging as it exceeds $90,000. Some seem more realistic than others.
100,000 dollars, 200,000 dollars, a million dollars… Predictions on the price of bitcoin, which exceeded 90,000 dollars last week, are in full swing. A bitcoin at $100,000 “seems close and our goal of $200,000 for bitcoin by the end of 2025 no longer seems so crazy,” asset manager Bernstein said on Monday.
On his blogArthur Hayes, the boss of the crypto exchange BitMEX, predicts a million-dollar bitcoin in the coming years, banking on its scarcity combined with Donald Trump’s future economic policy.
“As the supply of freely traded bitcoins dwindles, the most important fiat currency in history (the dollar) will be looking for a safe haven,” he writes.
On CNBC, tech popess Cathie Wood reiterated his prediction of bitcoin at $1.5 million in 2030 in the event of a bull cycle. “Our target for 2030 is around $650,000 in our base scenario. In our bullish scenario, it is between $1 and $1.5 million,” she says.
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These optimistic predictions are betting that certain dynamics will continue in the years to come. The price of bitcoin has gained more than 123% since January, thanks in particular to the arrival of spot bitcoin ETFs on the market. Bernstein reports that $92 billion in assets are now managed by these financial products, with weekly net flows exceeding…$1.7 billion.
Another catalyst could also increase the price of bitcoin: Donald Trump’s decisions regarding the crypto sector. During his campaign, the latter mentioned strong measures, such as the creation of a national bitcoin reserve in the United States or the ousting of Gary Gensler, current anti-crypto president of the American stock market regulator, the SEC.
As a reminder, American Senator Cynthia Lummis is carrying a bill entitled Bitcoin Act including the establishment of a national reserve of bitcoins, where the United States could acquire up to 5% of the total supply of bitcoins in five years.
We will have to wait for the inauguration of Donald Trump in January to see what will or will not be implemented in the coming months, which could have an upward… or downward impact on the price of bitcoin. In a note published this week, JP Morgan analysts estimate, for example, that there is little chance of a national bitcoin reserve in the United States seeing the light of day.
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