At the beginning of the year, we heard from numerous market analysts and observers who shared their predictions for Bitcoin’s price, with many setting their sights on $150k for this cycle. Yet, one seasoned trader contends that aiming for $150k is selling Bitcoin short. The world’s leading cryptocurrency is stepping up with rising institutional involvement this cycle, they argue.
Alex Becker, who you might follow as @ZssBecker on social media, criticizes the $150k prediction as “too low and too short.” He compares it to only a sixth of gold’s market cap. Instead, he believes Bitcoin could realistically aim for somewhere between $250k and $400k this cycle.
Now, let’s consider what a $150k Bitcoin price really means. With Bitcoin currently trading around $101,690, according to CoinMarketCap, hitting that target would only mark a 48% increase, and a 38% jump from its previous peak of $108,249.
Becker took to Twitter on January 16, 2025, to voice his skepticism, saying, “Everyone and their dog thinks we are entering the final BIG leg of the cycle towards a $150kish BTC.” He argues that projecting such a figure is both insufficiently ambitious and too brief. At $150k, Bitcoin’s market cap would still only represent about 1/6th of gold’s.
Becker elaborates that Bitcoin could achieve much higher spikes, driven by its growing presence among countries, investment funds, and corporations. Many are beginning to view Bitcoin as a valuable asset worth holding onto, reflecting its vast potential as a store of value.
Following this criticism of the $150k mark, Becker presents what he considers a more realistic target: Bitcoin could escalate to between $250k and $400k this cycle, he suggests.
These thoughts align with those of Will Clemente, another well-known crypto analyst. He echoed Becker’s outlook in a Twitter/X post on January 16. Clemente is confident that Bitcoin’s market value will climb further, especially as more countries begin to build Bitcoin reserve pools.
Analyzing further, Clemente even goes as far as to predict that Bitcoin has the momentum to reach $1 million. He believes it’s only logical for governments to start amassing this digital asset once they incorporate it into their strategic reserves.
As the potential return of Donald Trump to the presidency looms, various crypto firms and analysts are voicing their Bitcoin price forecasts. Blockware Solutions published an analysis on December 29, suggesting that $150k is the “bear case target” should Trump steer clear of launching a BTC reserve. However, if strategic moves are made, Bitcoin’s base price could rise to $225k, with potential highs at $400k.
VanEck is equally optimistic, positing that Bitcoin might touch $180k before the year wraps up. Meanwhile, Bitfinex forecasts a possible rise to $200k by mid-2025.
Becker mentions that months ago, the $150k prediction seemed feasible, given the limited institutional engagement with Bitcoin. But in today’s scenario, with mounting adoption and promising regulatory shifts, sticking to a $150k target seems unwarranted.
[Featured image courtesy of DALL-E, chart from TradingView]
