When Will Bitcoin Price Surpass $100,000?
Experts Give Their Opinions.
Analysts and crypto experts are now discussing when Bitcoin will reach the highly anticipated $100,000 mark. With the post-election momentum combined with speculation about a potential U.S. Bitcoin strategic reserve and easing interest rates, many are predicting Bitcoin's rally will continue.
"Welcome to the crypto bull market, grab all you can get," Bernstein analysts wrote in a note to clients on Monday, along with Standard Chartered, who issued a $200,000 target for Bitcoin by the end of 2025. Prediction marketplace Polymarket has also seen a lot of interest, with over $3 million worth of predictions on whether Bitcoin will reach $100,000 by the end of 2024, with odds currently hovering at 59%.
Douro Labs CEO Michael Cahill
believes that Bitcoin's rise to $100,000
could happen as soon as the first
quarter of 2025, as broader economic
conditions continue to support digital
assets. "Bitcoin reaching $100,000 is
not a matter of 'if,' it's a matter of
'when," Cahill said in a statement. "We
are seeing unprecedented momentum
as the macro environment aligns
favorably for digital assets.”
Matt Klein, portfolio strategist at Nascent, noted the potential for growth to accelerate if Senator Cynthia Lummis' pro-crypto legislation gains traction, suggesting that Bitcoin could reach $100,000 by Inauguration Day in January. "There's no high ground if the Lummis bill becomes law," he added.
Cahill and other experts caution that this rally is not just retail-driven speculation. "The market is finally accepting Bitcoin as a legitimate asset and a hedge against inflation," Cahill said. "Today, we are seeing a structural shift in investor perspective." This shift, Cahill said, positions Bitcoin as a reliable asset in the global financial system.
Bitwise CIO Matt Hougan echoed these sentiments, adding that one of the key reasons for the rally was that long Bitcoin holders were no longer willing to sell below $100,000, while short sellers were mostly pulling back.
