Bitcoin Halving Could Propel BTC Price to $280,000, Here’s How
Charles Edwards, the head of Capriole Funds and a crypto analyst, thinks that Bitcoin (BTC) could see a 500% price return if there is a halving bullish trend.
Edwards says that Bitcoin could hit $280,000 in 2025 if its returns after the halving stay the same as they were in 2020.
One could say that the returns on this cycle are smaller, but Edwards thinks that the 2020 cycle was bad and an outlier.
The head of Capriole Funds says that the Bitcoin bull market of 2020 was the worst ever. He says that Bitcoin hasn't done well because China destroyed half of the mining network and the Fed is tightening monetary policy more quickly than ever before.
Edwards said that these are two huge, stable forces that are affecting Bitcoin and that they probably won't happen again in the next couple of years.
Then Edwards said that 2024 would be the opposite of 2021. There have been some rate cuts by the Federal Reserve. Chairman Jerome Powell says there will be three more cuts this year. In the end, a lower dollar could mean that Bitcoin is stronger.
Bitcoin was cut in half, and an ETF could help it go up 800%.
Using Gold as an example, Edwards thinks that the start of the Bitcoin ETF in January is as powerful as a "second halving." He used the fact that gold had a market value four times that of Bitcoin today to show his point. The Gold ETF was created in 2004.
Gold has gone from having a market value of about $3.3 trillion to over 300% of that, or $13 trillion, in less than seven years.
Right now, Bitcoin is worth just over $800 billion on the market. Smaller investments can often have bigger upside returns. Edwards explains his idea about the huge rise in the price of Bitcoin. He also said that the rate at which people use every big technological advance in the last 100 years has been getting faster and faster.
Because of this, Edwards thinks that ETFs will cause the price of Bitcoin to rise 300% in the next two to five years. He is very cautious about Bitcoin. In addition, a 500% gain in the 18 months after the halving has not been unusual for Bitcoin in the past. All of this adds up to a goal of an 800% rise.
Based on the Bitcoin ETF and the halving, the crypto researcher comes to the conclusion that the Bitcoin price could reach $300,000 in the next two years. This is a modest estimate.
This is still just a guess, though, because a lot can happen between now and then that could cause these numbers to go up or down. It's important to do your study and be well-informed before making big decisions because some information may become more important at different times.