đ Will#BitcoinPrice Hit $100,000? Where to Head After $100,000? Hereâs What a Prominent CEO Predicts
The debate over Bitcoinâs future price trajectory remains a hot topic among experts, with opinions on its potential widely divided. As the year progresses, attention has shifted to year-end price predictions, specifically whether Bitcoin can surpass $100,000.
Roundtable host Rob Nelson recently discussed the topic with Chris Sullivan, Co-Founder and Portfolio Manager of Hyperion Decimus. The conversation shed light on the market dynamics that could drive Bitcoinâs price in the coming months.
While Sullivan did not provide a specific price target, he did highlight a key turning point he sees in the market. According to Sullivan, a combination of factors could see Bitcoin hit $225,000 in the long term, a number he considers important for the market.
Sullivanâs analysis suggests that BTC breaking $100,000 could spark a wave of global interest, drawing more investors into the market. While the current number of Bitcoin wallets is relatively low, Sullivan believes this is just the beginning. With around 1.6 million wallets in existence, Bitcoin still has plenty of room to attract new investors and signals a long road ahead for Bitcoin adoption.
As the talk drew to a close, Nelson noted a counterargument: the possibility that $100,000 could be a psychological level where investors could start selling, causing a temporary pullback.
#BTC
