Will Bitcoin replicate the trend of gold in its early years?! Expert: It will break $225,000 by the end of 2026
Analyst Palmer stated that the price of Bitcoin will more than double in the coming years.
Palmer believes that first, this rebound will be driven by institutional investors. When investors and retirement funds started buying gold funds in the early 2000s, gold prices began to soar. Palmer anticipates a similar situation will occur with Bitcoin, as the Bitcoin ETF was approved for listing in the US earlier this year and more retirement funds are adding Bitcoin to their portfolios. Bitcoin's unique properties provide both a hedge function and upside potential, and as institutional investors expand their holdings of Bitcoin, it will significantly drive up Bitcoin's price.
Second, the Bitcoin halving, which occurs every four years, was implemented this April. According to past experience, the price of Bitcoin tends to rise within 14 to 16 months after halving, and the effectiveness of this supply-demand principle should not be absent this time.
Third, Trump has been dubbed the "Cryptocurrency President". Whether it is relaxing regulations or establishing a "Cryptocurrency Tsar", it is believed that these developments will create a more favorable environment for Bitcoin's growth. With Trump's administration in the White House, the US government's attitude toward Bitcoin has changed and is expected to become a driving force for increasing Bitcoin prices. According to Polymarket data, the possibility of Bitcoin reaching $100,000 by the end of this year is as high as 73%.
#Marvin is a token named after Musk's dog, which basically appears on Musk's Twitter every year. The bull market + celebrity effect will lead to a very rapid increase; the current market value is only ten million, with over 6,000 addresses steadily growing. If you haven't bought, you will regret it!
