Bitcoin is on the rise, priced around $94,908, with six experts weighing in on its potential trajectory. Predictions vary, but many discuss the influence of macroeconomic factors like US tariffs. Arthur Hayes suggests it could rise significantly, while John Glover anticipates $136,000 within a year. Others present a cautious outlook amid uncertainties, yet state that positive long-term trends may emerge as selling pressure eases.
Bitcoin’s price has begun climbing, raising questions about whether it can hit another record high. Currently, it stands around $94,908 as optimism regarding the global economy swells, despite ongoing trade tensions linked to former US President Trump’s tariffs. Neil Wilson, an investor strategist at Saxo Bank, weighed in via email, suggesting that the next few days are crucial for Bitcoin’s trajectory: will prices rise or will profit-taking kick in?
Five experts shared their opinions on Bitcoin’s potential future. Arthur Hayes, the chief investment officer at Maelstrom, presents a bold viewpoint, confidently declaring the bottom is in for Bitcoin holders. In a vivid post, he suggests that further tariff debates could ignite a surge in Bitcoin’s value, projecting it to possibly exceed $200,000 once it passes $110,000.
John Glover, CIO at Ledn, echoed this confidence, stating a shift is occurring where people now see Bitcoin as a reliable investment amid instability in traditional assets. Glover forecasts Bitcoin reaching $136,000 within the next year based on his long-held predictions.
Cosmo Jiang from Pantera Capital is slightly more cautious. He describes recent market conditions as tough, with significant macro forces and reduced risk appetite at play. However, Jiang believes the worst selling may be over, indicating that positive long-term factors should begin affecting Bitcoin’s price, especially as investor sentiment improves.
In a newsletter from the London Crypto Club, David Brickell and Chris Mills noted that credibility has grown for Bitcoin, asserting it proves its worth in times of risk. They claim Bitcoin is both a hedge against economic instability and a high-risk asset, suggesting flows towards Bitcoin and Treasuries are signalling confidence among investors.
Geoff Kendrick, leading digital asset research at Standard Chartered, presents a bold target of $120,000 for Bitcoin by the second quarter, with hopes to reach $200,000 by year-end. His optimism comes from a combination of factors, including significant accumulation by large buyers and a shift in investment preference from gold to Bitcoin.
For those tracking Bitcoin’s journey, opinions among these experts underline a blend of cautious optimism and bold predictions that could shape the asset’s future. Keep a close watch on global economic trends and market cues for any hints of what might come next.
