Bitcoin could reach a record high of $150,000 by the end of 2025 as investors shift towards safe-haven assets like gold, according to Charles Edwards, founder of Capriole Investments.
In an interview with Cointelegraph at Token2049 in Singapore, Edwards noted that Bitcoin’s (BTC) recovery past the $120,000 level might trigger a “very quick” ascent to $150,000. “I wouldn’t be surprised if we hit $150,000 in a short timeframe, especially after breaking out of the $120,000 range, which may happen in the next few days,” he said.
Bitcoin increased by over 6% in the past week, surpassing the $118,500 mark for the first time since August 15, according to Cointelegraph data.
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Edwards’ forecast is more cautious than that of some analysts, who believe the current cycle could push Bitcoin above $200,000.
André Dragosch, head of European research at Bitwise Asset Management, told Cointelegraph that including crypto in US 401(k) retirement plans could free up $122 billion in new capital, suggesting that even a 1% allocation by retirement managers could propel Bitcoin past $200,000 by year-end.
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Four-year crypto market cycle may be “self-fulfilling”
Edwards also mentioned a “just over 50%” likelihood of three upward months for the crypto market as the year concludes. He noted that the four-year cycle theory in the market remains relevant and may act as a “self-fulfilling” prophecy as investors engage in risk reduction amid cyclic expectations.
“Ultimately, the main driver is institutional buying, and if that changes direction, my view will shift significantly,” he stated.
Edwards’ predictions align with Bitcoin’s historically strong performance during the final three months of the year.
Bitcoin has averaged monthly returns of approximately 20% in October, 46% in November, and about 4% in December, based on CoinGlass data.
Other analysts are also highlighting technical chart patterns, such as an emerging golden cross, which could lead to a Bitcoin price target of around $150,000 in the fourth quarter, as reported by Cointelegraph.
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