$BTC Bitcoin, as the most popular digital asset, has always been a hot topic in the world of finance and investment. Talking about blockchain and cryptocurrency without discussing Bitcoin would feel incomplete. Every day, thousands to millions of investors and analysts try to analyze Bitcoin's price movements. After the fourth halving in April 2024, Bitcoin's price movement has experienced quite dramatic increases and decreases several times. Until the last few days, Bitcoin has continuously broken its ATH. It was recorded that until this article was written, the highest price of Bitcoin was at $93,477. When compared to the price of Bitcoin at the beginning of 2024 which was around $42K, the ATH price has increased by more than 100% or more than double. The next question is: Can Bitcoin reach a price of $100,000 before 2025?
Based on my personal analysis #DYOR #NFA, reaching $100,000 is still very possible. There are several factors that can have a positive impact on Bitcoin to be able to reach that price
1. Crypto Cycle
Bitcoin is known to have a price movement pattern that follows a specific cycle, often called the four-year cycle. This cycle is usually closely related to the halving event, where the supply of Bitcoin produced by miners is halved every four years. After the halving, the price of Bitcoin often enters a bullrun phase, where investors buy Bitcoin because demand is increasing but supply is limited. If this pattern continues to repeat itself as in 2013, 2017, and 2021, it is likely that the price of Bitcoin will continue to soar before 2025, with an ambitious target of $100,000 or more.
2. The Widening Adoption of Crypto and Blockchain
In recent years, the use of blockchain technology and crypto assets has become more widespread in various sectors, such as finance, entertainment, logistics, and health. Countries such as El Salvador have even made Bitcoin a legal tender, which has been followed by many countries since. In addition, large companies such as BlackRock, Fidelity, and PayPal have started offering Bitcoin-related products, making it more accessible to retail and institutional investors. As more people enter the crypto world, the demand for Bitcoin will increase, which could be a catalyst for price increases.
3. US Presidential Election 2024
The US election could be a pivotal moment for the crypto market, including Bitcoin. Economic policies and crypto regulations are often influenced by the incumbent government. If the new government is more crypto-friendly, market sentiment could turn very positive. For example, tax policies, crypto exchange regulations, and the adoption of blockchain technology in the government sector could drive the growth of the crypto market as a whole. This can be seen from Donald Trump's victory, during the campaign phase his behavior and actions were considered to drive crypto growth in a bigger direction.
4. Global Liquidity and Macroeconomic Trends
The global market is currently experiencing uncertainties, such as the threat of inflation, high interest rates, and a potential recession. In such conditions, Bitcoin is often seen as an alternative asset or "digital gold" to protect the value of wealth. If global economic conditions worsen, it is likely that more investors will turn to Bitcoin as a hedge. This could be a major driver of Bitcoin's price increase in the short to medium term.
5. Media Influence and Crypto Community Sentiment
It is undeniable that crypto market sentiment is often influenced by the media and the community. Statements by famous figures such as Elon Musk, news of large institutional adoption, or even regulatory rumors can significantly affect the price of Bitcoin in a short time. With the rise of social media platforms such as X (Twitter) and TikTok discussing crypto, the hype around Bitcoin can be a major driver in creating upward price momentum. In addition, the use of Telegram as one of the bases for crypto development also shows a positive impact, both for the community and the development of crypto itself.
Conclusion: Can Bitcoin Reach $100,000?
Given factors such as the crypto cycle, potential post-halving bull run, and increasing blockchain adoption, the possibility of Bitcoin reaching $100,000 before 2025 is quite realistic. However, this still depends on global policy developments, market sentiment, and the resilience of crypto technology to future challenges. For investors, it is important to always consider the risks in this highly volatile market. However, with optimism amid the existing trend, Bitcoin has the potential to continue to be a major highlight in the investment world.
