Overcoming $100,000 in Bitcoin value has hushed naysayers, but a well-known CEO thinks the surge might soon pause here’s why. Bitcoin’s 2024 has been a watershed year. The introduction of spot Bitcoin Hits in January, the long-awaited halving in April, and the volatility surrounding the presidential election cycle have all contributed to a hyperbolic market advance. Cementing Bitcoin’s domination in the financial scene, this rise has catapulted BTC/USD to a record high of $103,679.
To smart money investors, though, this is all old news; the current bull run lends credence to the premise that Bitcoin prices tend to follow predictable cycles. Even though many in the cryptocurrency industry are still enthusiastic, with price projections surpassing $1 million (including JAN3 CEO Samson Mow’s), not everyone is as optimistic as Michael Saylor and others who think Bitcoin is undervalued at present BTC USD price levels.
Blockchain’s Future Growth
However, not everyone in the cryptocurrency sector is so bullish; some well-known names have publicly expressed their disappointment with Bitcoin’s short-term prospects. The Swiss DeFi site YouHodler CEO Ilya Volkov is targeting the $60,000–$65,000 level as his aim for the large BTC USD price correction in 2025.
According to Volkov, the trend toward cryptocurrencies heralds the beginning of a big shift in how the world’s financial ecosystem functions, even though there is a short-term risk of a price correction for BTC. Volkov proposed that financial instability and currency devaluations might accelerate large-scale debt markets using cryptocurrencies, such as loans and bonds.
This development could mark a significant milestone in the strategic adoption of blockchain technology, further integrating it into the global financial system. Projects aiming to tokenize financial assets in the RWA cryptocurrency sector may find much favor in this light.
Bitcoin’s Price Outlook
Nevertheless, Volkov isn’t the only one thinking this way; Chief of Markets Ruslan Lienkha, another analyst at YouHolder, concurs. As part of his analysis of Bitcoin hitting a speculative peak this cycle, Lienkha pointed out that BTC USD recently breached the important psychological level of $100,000 and pushed past $104,000, suggesting a possible long-term speculative price objective of $110,000 to $150,000.
However, Lienkha also stated that the future of US equities will likely determine whether there will be a significant movement in the price of Bitcoin Hits USD. Lienkha asserts that this shift necessitates diversifying market capital from traditional stocks.
Strong liquidity flows are the primary driver of the current equity rise and keep market values stable. We anticipate this upward momentum to persist through December, at least until the expiration of futures and options contracts on major U.S. exchanges,” added Lienkha.
“Bitcoin’s price movements, meanwhile, exhibit the strongest historical correlation with U.S. stock indices, suggesting that any downturn in equities could trigger a simultaneous correction in Bitcoin. This synchronized decline may occur early in the new year.”
In Summary
Bitcoin reached a record high of $103,679 in 2024, fueled by events like spot Bitcoin ETFs and the halving. While some, like Ilya Volkov of YouHodler, foresee a price correction to $60,000–$65,000 in 2025, they believe cryptocurrency adoption will reshape global finance. Ruslan Lienkha, another YouHodler analyst, suggests Bitcoin could hit $110,000–$150,000 but warns that any downturn in U.S. equities could trigger a Bitcoin price correction early next year.
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