A company that is changing the way the world mines bitcoin

ZyCrypto 2025-01-18 21:45:44

Bitcoin Trader Backs $400,000 BTC Price — How High Can The Crypto Soar?

Bitcoin (BTC) traders are projecting a higher price target for the largest crypto as whale accumulation spikes. The surge in BTC price to an all-time high above $107K and on-chain factors led to most analysts gauging a bull peak around $150K. However, massive demand from institutional players and governments has fueled a much higher sentiment in 2025. $150K Is Too Low, Bitcoin Enthusiast Opines A crypto trader, Alex Becker, wrote on X that a $150K price target for this bull cycle is low compared to the level of institutional interest recorded. He noted that the price can easily be broken and way too short. Bitcoin price at $150K is 1/6th the gold market cap. For years, Bitcoin and gold backers have debated which asset is most valuable in light of present macro conditions. According to Becker, there is no reason for industry bulls to stop at 1/6th of an asset that is harder to hold, manage, access, and store. Bitcoin is termed the digital gold and unlike the yellow metal, it is easier for investors to hold and transfer. Market participants also point to Bitcoin’s supply and scarcity against gold making it a better asset. Bitcoin has also recorded rising institutional demand due to spot ETFs and other macro factors. Donald Trump’s election win also ushered in a new wave of inflows. With all factors considered, Becker expects a target between $250K and $400K. “ But these make absolutely no damn sense in the current environment. In the case of the biggest countries, funds and corporations are all using it to store value…A market cap that is 1/6th that of good is absolutely silly low. There is absolutely no reason for us to stop or cap at $150k. If we reach that there’s only more of a reason for us to go to 250k-400k,” he wrote. Impact on Wider Market Bitcoin price tapped a new all-time high above $107K, fueling optimism for a higher target. As bulls ramp up accumulations, altcoins whales are also prepping for a massive shift to their favorite assets. Several investors opine an altcoin season may be on the horizon after Bitcoin hits its cycle peak. At the moment, several altcoins like XRP and Cardano have shown signs of huge inflows. Ethereum whales also picked up huge holdings alongside transfers out of centralized exchanges.