A extensively adopted crypto strategist is predicting that the following halving occasion will trigger Bitcoin (BTC) to ultimately hit six figures for the primary time.
The nameless host of InvestAnswers tells his 444,000 YouTube subscribers that primarily based on historic worth motion, Bitcoin’s subsequent halving occasion, which is anticipated in April 2024, may ignite a greater than year-long bull run.
He predicts that Bitcoin will hit $157,279 on September nineteenth, 2025.
“Think about a 15,16-month run. What occurs if historical past repeats is the enjoyable half…
You bought the September 19, 2025 date, which could possibly be the time of the brand new all-time excessive, which is a great distance from as we speak, women and gents, greater than two years. However that worth, if we do 2.27 instances the earlier all-time excessive, that might take us to $157,279 – a theoretical goal after all.”
Bitcoin has soared after earlier halving occasions, which happen each 4 years. Subsequent yr’s Bitcoin halving occasion will cut back the quantity of recent BTC getting into the market from 6.25 Bitcoin per block to three.125 Bitcoin per block.
In keeping with the dealer, his worth goal in September 2025 turns into extra probably if there’s elevated institutional adoption akin to if BlackRock succeeds in launching an exchange-traded fund (ETF), after submitting for approval final week.
“Now, there are some issues which might be totally different this time round. Essential to emphasize.
One, there’s much more adoption. Okay, and there’s not that rather more provide, and the provision goes to be cramped. And if a giant participant like we heard all final week about BlackRock, in the event that they bounce into the fray, that might make this $157,279 quantity look very bullish.”
Nevertheless, the investor warns that if macroeconomic circumstances take an sudden and extreme flip for the more severe, the halving occasion might solely lead to Bitcoin revisiting its earlier all-time excessive.
“However to steadiness issues out, although, there’s additionally the bear case…
If issues do get ugly on the macro, world geopolitical entrance, I do imagine, worst-case situation, we get again to $69,000, which continues to be very spectacular from the place we’re as we speak. So a little bit over two and a 3rd years from now may get again to $69,000 and Bitcoin is buying and selling simply shy of $27,000 proper now. Arduous to imagine you might have purchased it at $25,000 solely three days in the past.”
Bitcoin is buying and selling for $26,930 at time of writing, up 1.75% within the final 24 hours.
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