A noted crypto strategist who nailed the end of the 2021 Bitcoin bull market believes Bitcoin will record nearly quadrupling its gains by the time it expires in 2025.
Pentoshi, a pseudonymous analyst, told his 753,000 followers on social media platform X that Bitcoin's three-day chart is “beautiful.”
According to the crypto strategist, there is a good chance that Bitcoin will rise by around 277% from current levels within the next 22 months.
“I think it is possible for BTC to reach $180,000 by the end of 2025…
And I certainly don't feel like it's all that crazy with how the world is and going forward. If for some reason something happens or new information comes to light, I will of course admit that I was wrong.
But so far, at least in higher time frames. In most cases, it's pretty accurate. ”
According to Pentoshi, the approval of the Spot Bitcoin exchange-traded fund (ETF) gives the richest generation access to the king of cryptocurrencies.Analyst Predict The market capitalization of BTC could increase more than five times in the next few years.
“Our entire asset class is smaller than the individual stocks that boomers bid on every day. Look at how they gobbled up the supply of GBTC (Grayscale Bitcoin Trust). What got you thinking about BTC? what Will it become worth $5 trillion in the next few years? ”
Pentoshi too highlight One of the most powerful stories about BTC is that in a world where governments are free to print money, the supply of Bitcoin is limited to 21 million coins.
“BTC should continue to trade as if the supply were finite and, like fiat currencies, unlimited over a sufficiently long time frame.”
At the time of this writing, Bitcoin is trading at $48,277, with a market capitalization of just under $1 trillion.
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