After Bitcoin completed its fourth halving on April 20th, the market experienced some turbulence. Various institutions and experts have expressed their views on the future trajectory of Bitcoin – will it double or halve? In this uncertain moment, let’s take stock of the predictions from institutions and experts.
1. Positive Views
SkyBridge Capital: They predict that Bitcoin’s market value will eventually surpass that of gold, believing that regulatory recognition of Bitcoin will narrow the gap between its market value and gold’s.
Bitwise: They firmly believe in a bullish outlook, stating that the post-halving market will perform exceptionally well, with prices expected to rise in the coming year.
Jan3 CEO: They predict that Bitcoin’s price could reach $1 million and suggest that the halving event and increased demand for Bitcoin ETFs may drive the price upwards.
Pantera Capital: They forecast that Bitcoin’s price will reach $117,000 by August 2025, indicating that the Bitcoin market has already begun to recover.
2. Pessimistic Views
Veteran trader Peter Brandt: He predicts that Bitcoin’s price may fall to $30,000 or even lower, attributing it to the phenomenon of exponential decay.
Standard Chartered Bank: They suggest that Bitcoin’s price may further decline to around $50,000, stating that market concerns about Bitcoin and macro factors will lead to a price drop.
10x Research: They persistently hold a bearish view, suggesting that Bitcoin may be setting lower highs in terms of price, pointing out the almost zero growth in stablecoin inflows and a significant decrease in leverage on futures contracts.
3. Neutral Views
Arthur Hayes: He believes that Bitcoin’s price will fluctuate between $60,000 and $70,000 until August, influenced by events such as the Federal Reserve’s decisions and the US elections.
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In conclusion, Bitcoin’s price remains bullish in the long term, but it may experience volatility in the short term due to various factors. Therefore, investors should carefully navigate market changes, maintain patience, and await further developments in market news and policy factors.
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