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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 ...
Noted venture capitalist Tim Draper estimates a year-end 2025 price of $250,000 for Bitcoin. Standard Chartered projects a $200,000 Bitcoin price target in 2025.
“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.
Previous price rallies in 2013, 2017 and 2021 saw bitcoin suffer dramatic falls from those peaks, dropping 83 per cent, 84 per cent and 77 per cent respectively.
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%.
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 ...
Bitcoin’s halving is currently scheduled for 18 April, with the current price of around $42,000 expected to drop by more than 10 per cent before then, according to DecenTrader’s analysis.
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.
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