Cleanspark CEO Zach Bradford predicts a sharp rise in bitcoin’s value, forecasting a peak of nearly $200,000 within the next 18 months. His outlook sees rapid growth followed by stability, driven by bitcoin’s current price behavior and broader market momentum. He also links the U.S. presidential election to potential price increases, while highlighting the advantages of bitcoin-only mining and advanced technologies such as immersion cooling.

Cleanspark CEO Predicts Bitcoin Will Surge to $200,000 Amid Changing Market

Zach Bradford, CEO of bitcoin mining company Cleanspark (Nasdaq: CLSK), recently shared his bitcoin price prediction in an interview with Bernstein. Noting the potential for bitcoin to surge in price before a long period of stability, he predicted:

Based on my current analysis, I believe we could see bitcoin peak below $200,000, sometime in the next 18 months. That will likely be the peak.

He also pointed to bitcoin’s recent price action as a positive indicator for future growth, saying: “A positive sign is that bitcoin’s extended sideways period suggests that the sustained rally could extend further. Of course, it all depends on macro events and other factors.”

Bradford expects the upcoming US presidential election to have a significant impact on bitcoin, noting that prices could spike as early as January. He said:

I think we will start to see a significant increase in bitcoin price after the election through January, which will result in a significant increase in profit margins for well-positioned miners with efficient cost structures.

Cleanspark’s CEO emphasized the value of bitcoin-only miners, arguing that while some competitors are diversifying into AI, pure-play miners benefit from faster profitability due to lower costs and more efficient operations.

What do you think about Cleanspark CEO Zach Bradford's prediction about bitcoin? Let us know in the comments below.
#binance #wendy #bitcoin #eth #crypto $BTC $ETH $BNB