At the beginning of the year, many market analysts and observers shared their price expectations for Bitcoin, with many aiming for $150k in this cycle. However, a price target of $150k does not do justice to Bitcoin, says one trader, arguing that the world's leading crypto asset enters this cycle with more institutional adoption.
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According to Alex Becker (@ZssBecker), a $150k target is “too low and too short” and represents only 1/6th of gold's market cap. Instead, Becker sees a price of $250k to $400k as a better and more reasonable target for Bitcoin this cycle.
Average profit of 48% if Bitcoin hits $150k
According to CoinMarketCap, Bitcoin is bought for 101,690 US dollars. and if it reached $150k, this would represent a 48% increase and only a 38% increase from its all-time value of $108,249.
Everyone and the dog thinks we are entering the last BIG step of the cycle towards BTC $150kish.
Call me crazy, but I think we're calling this way to low and way to short.
$150k is only 1/6th of gold's market cap.
We have the largest funds, countries and corporations…
— Alex Becker 🍊🏆🥇 (@ZssBecker) January 16, 2025
According to Becker, it is crazy to limit the price of Bitcoin to only $150k. At this value, this is only equal to 1/6th of gold's market cap.
In the same post, Becker explains why the digital asset can hit a high. It refers to the adoption of the main crypto token among countries, currencies and corporations. Becker says that many countries and companies look at Bitcoin as a store of value and want to keep the asset.
The analyst is targeting $250k To $400k
After calling the $150k mark a “stupidly low price” for Bitcoin, Becker offered a more realistic target for the asset. He argued that Bitcoin will rise from $250k to $400k in this cycle.
Becker's sentiments were shared by Will Clemente, another popular crypto analyst. In his post on January 16 on Twitter / X, Clemente argued that BTC will continue to add value in the market price as soon as more countries accept the Bitcoin reserve pool.
Clemente predicted that Bitcoin will have the strength to hit $1 million. He also said that once countries adopt a strategic reserve for the crypto, it is only natural for the government to start collecting the funds.
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Other Crypto companies, players aim for a higher price for BTC
With President Donald Trump just around the corner, many companies and crypto analysts are offering their prices on Bitcoin. Blockware Solutions, in a post shared last December 29, said $150k is the “bear case target” for Bitcoin in case Trump decides not to continue with the plans to launch a BTC reserve.
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However, if the President pushes through with the plans, $225k is the possible base price of the alpha coin, which could go up to $400k.
VanEck also offers a rosier picture for Bitcoin, saying that this digital asset could hit $180k by the end of the year. Bitfinex suggesting it could reach $200k by mid-2025.
According to Becker, the $150k target was a few months ago on target because only a few institutions are invested in the fund. However, in the current landscape of increasing adoption and favorable regulations, a $150k target just doesn't make sense.
Featured image from DALL-E, chart from TradingView
