The CEO of bitcoin mining firm Cleanspark (Nasdaq: CLSK), Zach Bradford, recently shared his bitcoin price prediction in an interview with Bernstein. Noting a potential rapid increase in bitcoin’s value before a prolonged period of stability, he predicted:
Based on my current analysis, I believe we could see bitcoin peak just under $200,000, sometime in the next 18 months. That’ll likely be a peak.
He also pointed to bitcoin’s recent price behavior as a positive indicator for future growth, stating: “One positive sign is that bitcoin’s extended flat period shows that sustained upside may last longer as well. Of course, this is all subject to macro events and other factors.”
Bradford expects the upcoming U.S. presidential election to have a significant impact on bitcoin, noting that the price may surge as soon as January. He opined:
I think we’ll start seeing a meaningful push in bitcoin prices post-election through January, which should result in significant margin expansion for well-placed miners with efficient cost structures.
The Cleanspark CEO emphasized the value of bitcoin-only mining companies, arguing that while some competitors are diversifying into AI, pure-play miners benefit from faster returns due to lower costs and more efficient operations.
