Renowned cryptocurrency analyst Michaël van de Poppe and SkyBridge Capital founder Anthony Scaramucci have made bold predictions about Bitcoin's price trajectory. While Van de Poppe believes BTC could reach an astonishing $500,000, Scaramucci sees Bitcoin soaring to $200,000 by 2025. Let's explore their insights and what lies ahead for Bitcoin.
Van de Poppe: Bitcoin Will Reach $500,000
Michaël van de Poppe shared his bullish outlook on Bitcoin with 753,500 followers on X. The analyst suggested that BTC's increase in this cycle could surpass current highs, with an expected target of $500,000. According to Van de Poppe, the rainbow chart indicates the following trends:
The previous cycle did not achieve its full potential (it did not reach the peak stage).
If this cycle lasts longer, Bitcoin's price will naturally increase over time.
At the time of writing, Bitcoin is trading at $105,865, having recently hit an all-time high (ATH) of $107,822. Van de Poppe also noted that the altcoin market is gearing up for the next wave, suggesting significant gains for investors holding their positions. He emphasized that many altcoins are still in the accumulation phase compared to Bitcoin pairs, signaling significant bullish potential.
“Most altcoins are still in the accumulation zone. If you are in the current position, that's a great sign,” Van de Poppe stated, advising caution as the next move could come with volatility.
Anthony Scaramucci: Bitcoin Could Reach $200K by 2025
In a recent interview with The Wall Street Journal, Anthony Scaramucci, founder of SkyBridge Capital, predicted that Bitcoin could soar to $200,000 by 2025. Scaramucci believes this bullish outlook is due to the increasing wave of cryptocurrency-friendly policies in the U.S.
Despite Bitcoin's massive market capitalization, Scaramucci believes its price could still double. He humorously noted that some of his colleagues consider him too conservative in his estimates. When it comes to investors feeling like they've missed out, Scaramucci emphasized, "it's still very early."
Scaramucci also criticized the SEC for delaying the approval of spot Bitcoin ETFs. He argued that SEC Chairman Gary Gensler's restrictive approach has stifled Bitcoin's price growth. Speaking at the Evident AI conference in New York, Scaramucci stated:
“The SEC's anti-crypto stance has slowed progress and stifled innovation, causing Bitcoin prices to be lower than necessary.”
He also noted that changes in SEC leadership could lead to more supportive policies, with former SEC Commissioner Paul Atkins seen as a potential candidate to replace Gensler.
Conclusion
Both Michaël van de Poppe and Anthony Scaramucci shared very optimistic forecasts for Bitcoin, with predictions ranging from $200,000 to $500,000. As cryptocurrency-friendly policies gain attention and the market matures, Bitcoin's bullish potential seems stronger than ever.
DYOR! #Write2Win #Write&Earn $BTC