BTC will reach $200,000, or maybe not. Bitcoin’s price predictions are flowing in these days. The enthusiasm for the achievement (seen as imminent) of a new historical record is accompanied by the fear of possible and sudden reversals.
Experts and industry giants are putting forward their hypotheses.
Raoul Pal’s predictions: Bitcoin at $400,000
According to Raoul Pal, CEO of Real Vision and Global Macro Investor, we are in the midst of a bull run in which BTC may reach $400,000.
Indeed, during an interview with Anthony Pompliano, he said that he believes that at the end of the year, BTC may be worth $200,000, while at the peak of this cycle, it will even be doubled: it will be worth $400,000.
Ethereum on the other hand will reach $15,000 and $40,000 respectively. Proportionally, the growth of ETH would be much higher than that of BTC.
Bitcoin at $100,000 with ETFs
According to Forbes, the launch of Bitcoin ETFs is expected to take the price to $100,000. In fact, the first ETF based on Bitcoin futures was launched just today by ProShares on the NYSE. Market reactions, however, have been somewhat toned down.
Bitcoin is now at $62,200, up 2% over 24 hours, just short of a new all-time high. The debut of the ETFs has brought green figures, but not the long-awaited rally. At least for now.
Scott Minerd: “stop investing in Bitcoin”
Someone who has never correctly predicted anything seems to be Scott Minerd, CIO of Guggenheim Investments. In December he said Bitcoin would reach $400,000. In February he was convinced that BTC could reach $600,000. In June, when BTC had halved from its all-time high of $65,000, he predicted it would collapse to $15,000.
In recent days, in an interview with CNBC, he gave up:
“The one thing I learned as a bond trader years ago, when you don’t understand what’s happening, get out of the market. So discipline tells me now I don’t fully understand this.”
And indeed Guggenheim seems to have no more investments in BTC.