Measly $150K target for Bitcoin this cycle is ‘silly low,’ says trader

A crypto trader says Bitcoin will likely blow past the $150,000 price target that some have tipped for in the current cycle — calling it “silly low” given its likelihood of being adopted by many more nations, funds, and corporations in the coming years.

“There is absolutely no reason for us to stop or cap at $150k. If we reach that, there’s only more of a reason for us to go to 250k-400k,” crypto trader Alex Becker said in a Jan. 16 X post.

Bitcoin $150,000 target ‘is absolutely silly low’

If Bitcoin (BTC) were to reach $150,000, it would represent a 48% increase from its current price of $101,690 and a 38% rise from its all-time high of $108,249, as per CoinMarketCap.

Becker said that a $150,000 Bitcoin price would mean the asset has a market capitalization equal to roughly one-sixth of gold’s — adding it is “absolutely silly low” given the possibility “of the biggest countries, funds, and corporations all using it to store value.”

At the time of publication, Bitcoin has a market cap of $1.97 trillion, while gold’s market cap is $18.44 trillion.

Echoing a similar sentiment to Becker, crypto analyst Will Clemente said in a Jan. 16 X post that once countries start adopting Bitcoin as a strategic reserve asset, it’s only a matter of time before Bitcoin reaches $1 million. Clemente added:

“Once a nation adopts BTC as a strategic reserve asset, it becomes inherently nationalist to DCA into said asset. Then apply this to every nation on Earth that wants to keep its purchasing power simultaneously in game theoretic fashion.”

On Dec. 29, crypto mining firm Blockware Solutions said that $150,000 is the bear case target for Bitcoin if Donald Trump does not follow through with his Bitcoin Strategic Reserve. The firm said $225,000 is the base case but may go as high as $400,000.

Meanwhile, asset management firm VanEck predicts Bitcoin will reach $180,000 by the end of 2025, while Bitfinex analysts forecast it could climb as high as $200,000 by mid-2025.

Becker said that the $150,000 Bitcoin target in previous cycles “made sense” when Bitcoin wasn’t as widely recognized by institutions, but it “absolutely makes no damn sense” in the current environment.

Trump’s inauguration is only days away

Expectations among crypto market participants are growing as Donald Trump’s inauguration as US president on Jan. 20 gets closer, with many anticipating he will roll out plans for crypto right from day one.

Related: Bitcoin price will hold $100K for good after three key events take place

A person familiar with the matter told the Washington Post on Jan. 13 that Trump is expected to tackle crypto de-banking and reverse a bank accounting policy that forces banks to list digital assets as liabilities.

On Jan. 14, pseudonymous crypto trader Mister Crypto said Bitcoin is showing the same price movement as it did during the previous presidential inauguration.

“The next move is obvious,” Mister Crypto said, sharing a graph that shows Bitcoin’s price trajectory heading toward $150,000.

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This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.