At the start of the year, many market analysts and observers shared their price expectations for Bitcoin, with many targeting $150k this cycle. However, the $150k price target doesn’t do Bitcoin justice, a trader says, arguing that the world’s leading crypto asset is coming into this cycle with institutional adoption.
Related reading
According to Alex Becker ( @ZssBecker ), the $150k target is “too low and too small” and represents only 1/6th of gold’s market cap. Instead, Baker sees a price of $250k to $400k as a better and more realistic target for Bitcoin in this cycle.
A modest 48% gain if Bitcoin hits $150k
According to CoinMarketCap, Bitcoin is Trading at $101,690, And if it reaches $150k, it represents 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 last major phase of the cycle towards $150kish BTC.
Call me crazy, but I think we’re calling this the way of the low and the small.
$150k is only 1/6th of gold’s market cap.
We have the largest funds, nations and corporations…
— Alex Becker 🍊🏆🥇 (@ZssBecker) January 16, 2025
According to Baker, limiting the price of Bitcoin to only $150k is crazy. At this value, it is only about 1/6th of gold’s market cap.
In the same post, Baker explains why digital assets could hit an all-time high. He mentioned the adoption of the flagship crypto among nations, funds and corporations. Baker added that many countries and firms see bitcoin as a store of value and want to hold the asset.
Analysts target $250k to $400k
After calling the $150k mark for bitcoin a “stupid low price,” Baker offered a more realistic target for the asset. He argued that Bitcoin would rise from $250k to $400k in this cycle.
Baker’s sentiments were shared by Will Clement, another noted crypto analyst. In his January 16 post on Twitter/X, Clemente argued that BTC will continue to appreciate in market value as more countries adopt a Bitcoin reserve pool.
Clemente predicted that Bitcoin has the potential to hit $1 million. He added that once countries adopt a strategic reserve for crypto, it is only natural for the government to start hoarding the asset.
Related reading
Other crypto firms, players target a higher price for BTC
with Donald Trump’s presidency Around the corner, many firms and crypto analysts offer their price take on Bitcoin. Blockware Solutions, in a post shared last December 29, said $150k is a “bear case target” for Bitcoin if Trump doesn’t decide to go ahead with plans to launch a BTC reserve.
Related reading
However, if the President goes ahead with the plans, the expected base price of Alpha Coin is $225k, which could go up to $400k.
Van Eyck is also projecting a more rosy picture for Bitcoin, saying the digital asset could reach $180k by the end of the year. Bitfinex suggested it could reach $200k by mid-2025.
According to Baker, the $150k goal was on target a few months ago because only a few organizations invest in the property. However, in the current landscape of increasing adoption and compliant regulations, the $150k goal doesn’t make sense.
Featured images from DALL-E, charts from TradingView
