[2023-07-10] Bitcoin (BTC) May Hit $50,000 by Year’s End and $120,000 By 2025

YOSHIE

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Quote from: Kakmakr on July 11, 2023, 12:39:15 AM

Standard Chartered has forecast that by the end of this year, the flagship cryptocurrency Bitcoin may succeed in reaching the $50,000 level. As for higher peaks, the bank's analysts expect BTC to hit as high as $120,000 by the end of next year — 2024.

There is a lot of news about Bitcoin predictions that we see right now, maybe for me I don't want to bother about the press that has been published lately, I think the Bitcoin price is $ 120,000, it could happen, if at the current lowest Bitcoin price, I think just positive forthat price.

Quote from: Kakmakr on July 11, 2023, 12:39:15 AM

So, I decided to post something positive, with all the negative news that are all over about the SEC and the US tightening regulation on Crypto currencies.

the same thing occurred to me too, hoping for the best.

Quote from: Kakmakr on July 11, 2023, 12:39:15 AM

Do you think their prediction are realistic, seeing that there will be a "Halving" soon and miners presumably hoarding the coins that they mine?

Realistic or not, it all depends on how each thinks about Bitcoin in the future, to be honest I think positively.

stompix

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Quote from: Kakmakr on July 11, 2023, 12:39:15 AM

Do you think their prediction are realistic, seeing that there will be a "Halving" soon and miners presumably hoarding the coins that they mine?

Their predictions are....CRAP!

https://cointelegraph.com/news/bitcoin-price-to-hit-100k-in-2021-or-early-2022-standard-chartered

Quote

In a new report by Standard Chartered’s cryptocurrency research unit, Bitcoin is predicted to hit $100,000 “in late 2021 or early 2022,”

https://www.cnbc.com/2022/12/05/btc-bitcoin-could-fall-to-5000-standard-chartered-predicts.html

Quote

itcoin could plunge 70% to $5,000, Standard Chartered predicts, in possible 2023 ‘surprise’
Bitcoin could drop to $5,000 next year in a market surprise that investors are under-pricing, according to Standard Chartered, marking a 70% plunge from the current level of around $17,000.

InvoKing

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Quote from: NotATether on July 25, 2023, 03:09:02 AM

Sorry to rain on your parade but $50K by the end of the year is a pipe dream. It's more likely BTC will break the $30,000 resistance and stay there at that time, probably between $35K and $40K. Anything higher than that is activity that you get when a bunch of companies and users are rushing to buy Bitcoin for some reason, which does not seem like it's going to happen anytime soon.

The $120K in 2025 prediction is more realistic though.

By April 2024 there will be the bitcoin halving event. During the halving the price move a little bit for sure but the real effect is delayed by months.
I expect to see all time high by the end of 2024 and the beginning of 2025 at one condition, the price remains above 30,000 dollars.

NotATether

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Sorry to rain on your parade but $50K by the end of the year is a pipe dream. It's more likely BTC will break the $30,000 resistance and stay there at that time, probably between $35K and $40K. Anything higher than that is activity that you get when a bunch of companies and users are rushing to buy Bitcoin for some reason, which does not seem like it's going to happen anytime soon.

The $120K in 2025 prediction is more realistic though.

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Nice to see some positive news to suck up all the negative vibes going on in the markets, and this coming from a recognized Bank such as Standard Chartered is big news! Though am surprised they are predicting low prices, thought they would be going over board like a million dollars or something...certainly played it safe with their predictions.

But while they are bullish on crypto, what have they done as a bank to make their mark in the crypto world 🌎, my guess nothing!!
And I think being in the crypto space for a while now, such news will always remain mere speculation as everyone is trying to tap into a new niche that could benefit their business and this is no different!

yhiaali3

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I think it is okay to publish these positive predictions about the rise in the price of Bitcoin, even if they are not accurate. I think we may see these numbers come true, meaning 50k$ at the end of the year and 120k$ after the halving.

Frankly, there are a lot of optimists who expect these numbers to be reached, this optimistic news will cause miners and investors to hold on to their Bitcoin and this will lead to an increase in the price.

Kakmakr

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Yes, there are some experts who believe that Bitcoin could reach $50,000 by the end of 2023 and $120,000 by 2025. These predictions are based on a number of factors, including the increasing adoption of Bitcoin by businesses and institutions, the growing demand for Bitcoin as a store of value, and the limited supply of Bitcoin.
It is important to remember that Bitcoin is a volatile asset, and its price can fluctuate wildly. So, while these predictions are possible, they are not guaranteed.

Nobody are saying that it is guaranteed.... it is a prediction after all. Wink

They are saying, based on their research and info that they have gathered..that it is possible, under the right circumstances.... that those prices can be possible. Tongue

We know some positive things are in the pipeline for the future and history has shown that these "things" can boost the price significantly. The thing is.... negative things can happen too... which will drive down the price. Sad

Kakmakr

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Well, it helps to be optimistic and to spread positive news... with all the negative FUD that are being spread around the Internet. I would much rather spread predictions that are based on things that are going to happen in the future, than the doom and gloom that are being spread by the haters and the competition.

Let's set some realistic goals to beat the previous all-time-high price and take this to the Moon. Tongue

Thank you for the responses, it is nice to get some feedback. Wink

Kryptowerk

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Disobey.

While it's nice to have bigger companies publishing some bullish Bitcoin forecasts... It's again not much more than speculation.
Bitcoin Halving is coming early-mid 2024, given how the price reacted to the previous cycles I personally believe there is indeed a good chance. Then again, Bitcoin is always up to some suprises and you cannot just assume things will always play out the same - one of the reason in a market situation is: If everybody assumes the same thing, the actual response to the assumed outcome will happen way before the expected outcome.

So let's just see what reality has to say to these predictions - after all Bitcoin-price "may" go up to $50k and beyond. Or it may not.

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Quote from: Kakmakr on July 11, 2023, 12:39:15 AM

So, I decided to post something positive, with all the negative news that are all over about the SEC and the US tightening regulation on Crypto currencies.

Do you think their prediction are realistic, seeing that there will be a "Halving" soon and miners presumably hoarding the coins that they mine?

Yes, I also think that their prediction is 100% realistic and it will definitely happen that way, but I still think that it would be hard for Bitcoin to reach $50k by the end of 2023, however, the prediction about the Bitcoin's price by 2025 at $120k is 100% accurate and I totally believe that. The Bitcoin's price will surge once again after the halving event, and that's why it can easily reach $120k in 2024-2025, and whoever predicted that Bitcoin will reach $120k is definitely correct in their prediction.

Kakmakr

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https://u.today/bitcoin-btc-may-hit-50000-by-years-end-and-120000-by-2025-standard-chartered

Standard Chartered has forecast that by the end of this year, the flagship cryptocurrency Bitcoin may succeed in reaching the $50,000 level. As for higher peaks, the bank's analysts expect BTC to hit as high as $120,000 by the end of next year — 2024.

The bank believes, according to the article, that a potential rise in BTC's price may drive Bitcoin miners to begin stocking up more of the coins they mint.

Read more on U.Today https://u.today/bitcoin-btc-may-hit-50000-by-years-end-and-120000-by-2025-standard-chartered

So, I decided to post something positive, with all the negative news that are all over about the SEC and the US tightening regulation on Crypto currencies.

Do you think their prediction are realistic, seeing that there will be a "Halving" soon and miners presumably hoarding the coins that they mine?

Topic: [2023-07-10] Bitcoin (BTC) May Hit $50,000 by Year’s End and $120,000 By 2025 (Read 240 times)