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Why Bitcoin Won’t Stop At $150K: Expert Targets $250K–$400K

At the start of the year, many market analysts and observers shared their price expectations for Bitcoin, with many targeting $150k this cycle. However, a price target of $150k doesn’t do justice to Bitcoin, says one trader, arguing that the world’s flagship crypto asset is coming into this cycle with increasing institutional adoption. Related Reading: ‘Grand Bull Market’ For Cardano? Analyst Declares The Bottom Is In According to Alex Becker (@ZssBecker), a $150k target is “too low and too short” and only represents 1/6th of gold’s market cap. Instead, Becker sees a price of $250k to 400k as a better and more realistic target for Bitcoin this cycle. A Measly 48% Gain If Bitcoin Hits $150k According to CoinMarketCap, Bitcoin is trading at $101,690, and if it were to hit $150k, then this would represent a 48% increase and only a 38% increase from its all-time value of $108,249. Everyone and their dog thinks we are entering the final BIG leg of the cycle towards a $150kish BTC. Call me crazy, but I think we are calling this way to low and way to short. $150k is only 1/6th the market cap of gold. We have the biggest funds, nations and corporations… — Alex Becker ???????????? (@ZssBecker) January 16, 2025 According to Becker, it’s crazy to limit the price of Bitcoin to just $150k. At this value, this is only equal to 1/6th of gold’s market cap. In the same post, Becker explains why the digital asset can hit a higher high. He mentions the increasing adoption of the flagship crypto among nations, funds, and corporations. Becker adds that many countries and firms look at Bitcoin as a store of value and want to hold the asset. Analyst Targets $250k To $400k After calling the $150k mark a “silly low price” for Bitcoin, Becker offered a more realistic target for the asset. He argued that Bitcoin will rise from $250k to $400k this cycle. Becker’s sentiments were shared by Will Clemente, another popular crypto analyst. In his January 16th post on Twitter/X, Clemente argued that BTC will continue to appreciate in market price as soon as more countries adopt a Bitcoin reserve pool. Clemente predicted that Bitcoin has the strength to hit $1 million. He further stated that once countries adopt a strategic reserve for the crypto, it’s only natural for the government to start stockpiling the asset. Related Reading: Spot Crypto ETFs: Litecoin Likely Next In Line For SEC Nod Other Crypto Firms, Players Target Higher Price For BTC With Donald Trump’s presidency just around the corner, many firms and crypto analysts offer their price takes on Bitcoin. Blockware Solutions, in a post shared last December 29th, said that $150k is the “bear case target” for Bitcoin in case Trump decides not to pursue the plans to launch a BTC reserve. Related Reading: Expert Sees Bitcoin Dipping To $50K While Bullish Momentum Persists However, if the President pushes with the plans, the alpha coin’s probable base price is $225k, which can go up to $400k. VanEck is also offering a more rosy picture for Bitcoin, saying that this digital asset may hit $180k by the end of the year. Bitfinex suggested that it may reach $200k by mid-2025. According to Becker, the $150k target a few months ago was on target since only a few institutions are invested in the asset. However, in the current landscape of increasing adoption and favorable regulations, a $150k target just doesn’t make sense. Featured image from DALL-E, chart from TradingView CoinTurk News

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Crypto-Friendly Platform eToro Eyes US IPO at $5B Valuation: Report

Social trading platform eToro has confidentially filed for an initial public offering (IPO) with the United States Securities and Exchange Commission (SEC). When a company files in such a manner, it means that it has submitted its initial registration statement with the SEC but is yet to make it public. This initial filing will help it gather feedback from the agency and make necessary adjustments before officially announcing its IPO plans. eToro to Go Public in New York According to a report by the Financial Times, which cited people with knowledge of the matter, the Israeli-based crypto and stock trading platform could go public in New York as early as Q2 2025—if successful. It targets a valuation of $5 billion, up from a $3.5 billion market cap in 2023. The report revealed that eToro has partnered with Goldman Sachs, Jefferies, and UBS to carry out its plans. This means that these investment banks will guide eToro through the IPO process. Not the First This is not the first time eToro has attempted to go public in the US. In 2021, it entered a Special Purpose Acquisition Company (SPAC) deal with FinTech Acquisition Corp. V. at a valuation of $10.4 billion. However, the plan fell through due to the bear market of 2022. The SEC did not approve that plan. Multiple crypto-related companies have also attempted to go public through a SPAC deal but have been unsuccessful. In July 2021, USDC issuer Circle filed for an IPO with the SEC through a SPAC deal but later abandoned the plan because it did not meet the SEC’s qualifications at the time. This deal could have given Circle a $9 billion valuation. Crypto miner Prime Blockchain also canceled plans to go public through a SPAC deal in 2022. If successful, eToro will join crypto companies like Coinbase and Bakkt to go public in the US. Several Bitcoin miners, including Marathon Digital, are also listed in the US. The post Crypto-Friendly Platform eToro Eyes US IPO at $5B Valuation: Report appeared first on CryptoPotato . CoinTurk News