Signs: Bitcoin under $100k is a year-end bargain
How many tears are there on X, internet forums, and Telegram “crypto” groups! It seems like bitcoin (BTC) has dropped to zero.
But no, ladies and gentlemen. The price of bitcoin is at a whopping $94,800 at the time of this post.
So, first of all, enough with the complaining! And second, take a moment to be thankful for this year-end bargain.
Why do I say that bitcoin under $100,000 is a bargain? For several reasons. In case there are investors with the liquidity to buy more BTC, perhaps this is a good opportunity to do so. That is, as long as you have a long-term investment horizon (and, for me, long-term in bitcoin means 4 years or more). It wouldn’t be wise to go ‘all in’ with your life savings if you’re going to need them to make payments next week.
Bitcoin price predictions remain extremely bullish, even for this very cycle.
Analysts at Galaxy, for example, believe BTC will surpass $150,000 before the end of the first half of 2025. If that projection comes to pass, it would mean an increase of more than 50% from the current price. Not bad, right?
The investment firm says:
“A combination of institutional, corporate, and nation-state adoption will propel bitcoin to new heights in 2025. Throughout its existence, bitcoin has appreciated faster than all other asset classes, particularly the S&P 500 and gold, and that trend will continue in 2025. Bitcoin will also reach 20% of gold’s market cap.”
Galaxy Digital, investment firm.