$100,000 for Bitcoin by winter: New forecast from Anton Kharitonov
$100,000 for Bitcoin by winter: New forecast from Anton Kharitonov
In the next three months, Bitcoin's price will reach $100,000 for the first time, likely by January 2025.
This prediction was made by Traders Union analyst Anton Kharitonov on his Telegram channel.
Kharitonov bases his forecast on the U.S. Federal Reserve's plans to reduce interest rates, which could decrease by 50-75 basis points by the end of the year. Additionally, institutional investors, whose activity in Bitcoin funds (ETFs) continues to grow, are expected to positively impact Bitcoin’s price. These investors view Bitcoin ETFs as a profitable and promising option for capital allocation.
Another important factor supporting Bitcoin's future growth, according to Kharitonov, is the improved financial condition of miners. Following the Bitcoin halving (which cut the block reward in half), miners were forced to sell their Bitcoin reserves actively. However, this trend has slowed recently.
The Market Prepares for New Bitcoin Records
Most Bitcoin experts believe the price of Bitcoin will rise significantly, if not by the end of this year, then at least by 2025. For instance, well-known analyst PlanB recently shared a scenario where Bitcoin could reach $150,000 by the end of the year. He attributes this potential growth to a possible victory by Donald Trump in the U.S. presidential election, as Trump positions himself as a supporter of cryptocurrencies.
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Television host and Heisenberg Capital founder Max Keiser agrees with this outlook. According to his calculations, Bitcoin is set to rise to $220,000 soon. Keiser’s prediction is linked to the recent increase in gold prices, which have reached $2,700.
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An even more optimistic forecast comes from MicroStrategy founder Michael Saylor, who believes Bitcoin will increase in value by an average of 29% per year. He projects that over the next 21 years, Bitcoin could rise to $13 million in value.
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It's worth noting that Anton Kharitonov regularly provides forecasts for various assets. In one of his latest predictions, he estimated that Bitcoin’s price would surpass $1 million by around 2030.
According to him, this will occur due to Bitcoin’s deflationary model, the growing popularity of Bitcoin ETFs among investors, and increasing interest from governments in Bitcoin as a reserve asset.
Read also: BTC dip triggers $329 million inflow to BlackRock ETF
