Michael Saylor, the co-founder of Strategy, the biggest Bitcoin (BTC) treasury company by holdings, forecast that Bitcoin would hit $150,000 by the end of 2025.
“I think that these 12 months have probably been the best 12 months in the history of the industry,” Saylor told CNBC at the Money 20/20 conference in Las Vegas on Monday.
Saylor cited the Securities and Exchange Commission (SEC) embracing tokenized securities, US Treasury Secretary Scott Bessent endorsing stablecoins to protect dollar dominance, and the overall regulatory pivot in the US as reasons to remain bullish. He said:
“Our expectation right now is that by the end of the year, it should be about $150,000, and that’s the consensus of the equity analysts who cover our company and the Bitcoin industry.”
The forecast comes amid depressed crypto asset prices, following a market crash that was ignited by US President Donald Trump announcing 100% additional tariffs on China, sparking investor fears of macroeconomic instability.
Related: Saylor’s Strategy tipped for S&P 500 inclusion after Q3 earnings: 10X Research
Investors and analysts are hopeful for a market turnaround on positive trade news
October’s historic market crash was due to short-term technical factors, leaving the long-term market trend of higher crypto prices intact, analysts at The Kobeissi Letter said, adding that they were confident a US-China trade deal would be reached.
In the following weeks, officials from both countries softened their rhetoric, signaling easing trade tensions and a willingness to negotiate a deal.
Trump reversed course and confirmed that he would meet with China’s President Xi Jinping at the Asia-Pacific Economic Cooperation (APEC) summit in Seoul, South Korea, on Friday.
Bessent said on Sunday that the US and China have reached a “substantial” trade deal framework, an announcement that was celebrated by analysts, investors, and crypto industry executives.
“Asset prices will get crazy this week if the US-China trade deal is announced and the Fed cuts interest rates. Buckle up,” investor and analyst Anthony Pompliano said.
Magazine: Mysterious Mr. Nakamoto author: Finding Satoshi would hurt Bitcoin
