Bitcoin could potentially reach a new all-time high of $150,000 by the end of 2025 as investors flock to safe-haven assets like gold, as stated by Capriole Investments founder Charles Edwards.
During an interview at Token2049 in Singapore, Edwards mentioned that Bitcoin’s (BTC) recovery above the $120,000 psychological level might trigger a “very quick” surge to the $150,000 milestone. “I wouldn’t be surprised if we went up to $150,000 in a relatively short period, like we have to break out of the $120,000 range. But that’s likely coming, possibly in the next few days,” he added.
According to Cointelegraph data, Bitcoin increased by over 6% in the past week, reclaiming the $118,500 level for the first time since August 15.
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While Edwards remains optimistic, his predictions are more cautious than some other analysts who anticipate Bitcoin could exceed $200,000 in this cycle.
André Dragosch, head of European research at Bitwise Asset Management, told Cointelegraph that including crypto in US 401(k) retirement plans could unlock $122 billion in new investment. He noted that even a 1% allocation by retirement managers could drive Bitcoin above $200,000 by the year’s end.
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Four-year crypto market cycle may be “self-fulfilling”
Edwards also estimated a “just over 50%” chance for three consecutive positive months in the crypto market to finish the year. He emphasized that the four-year cycle theory remains pertinent and may be “self-fulfilling” as investors de-risk with cyclicality expectations.
“Ultimately, the key driver is institutional buying, and if that shifts downward, my perspective will change significantly,” he stated.
Edwards’ forecasts align with Bitcoin’s historically positive performance in the last quarter of the year.
Historically, Bitcoin has averaged monthly returns of approximately 20% in October, 46% in November, and about 4% in December, according to CoinGlass data.
Other analysts also note technical chart patterns, including a developing golden cross pattern, which may suggest a Bitcoin price target of around $150,000 in the fourth quarter, as recently reported by Cointelegraph.
Magazine: Bitcoin expected to see ‘one more big thrust’ to $150K, as ETH pressure mounts
