Measly $150K target for Bitcoin this cycle is ‘silly low,’ says trader
A Bitcoin price of $150,000 may be “absolutely silly low,” says a crypto trader, citing the expected widespread adoption by countries and corporations that will use it as a store of value.
A crypto trader says Bitcoin will likely blow past the $150,000 price target that some have tipped for in the current cycle — calling it “silly low” given its likelihood of being adopted by many more nations, funds, and corporations in the coming years.
“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,” crypto trader Alex Becker said in a Jan. 16 X post.
If Bitcoin (BTC) were to reach $150,000, it would represent a 48% increase from its current price of $101,690 and a 38% rise from its all-time high of $108,249, as per CoinMarketCap.
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Author: Ciaran Lyons