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Here is a look at how much that $100 would be worth in the future under Wood's various price targets. Bear Case, $258,500: $100 today would be worth $289.52, up 189.5% Base Case, $682,000: $100 ...
For a contract on what price Bitcoin will hit in November, the odds are 72% that it will reach $95,000. The price with the next highest odds is $105,000 at 23%, then $110,000 at 14%.
“Despite the massive $16 billion purchase, Bitcoin's price gain of roughly 10% during this period raises questions about the broader market's strength,” the report notes.
MicroStrategy has acquired more than 1% of the entire Bitcoin supply, with holdings worth more than $15 billion at current prices. Don't Miss: 1 in 4 Americans own a share of Bitcoin according to ...
But as its price undergoes a period of volatility, it's easy to forget that Bitcoin is still up more than 30% from the beginning of the year and more than 125% since August 2023.
This bold prediction was not fully realized, though Bitcoin did reach an all-time high of approximately $69,000 in Nov That year, Draper predicted Bitcoin to be $10,000 by the end of 2017.
Admittedly, for Bitcoin to almost double in price and hit $100,000 by the end of the year, a lot of things will need to go right. But if ETF inflows revive, and if crypto sentiment once again ...
So, when measured from a projected starting price of $99,000 at the beginning of 2025, a 400% increase would push Bitcoin's price to nearly $500,000 by the end of next year. Managing expectations
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