The major cryptocurrency Bitcoin (BTC) hit a new high last week, surpassing $124,000. However, this was short-lived as US macro data led to a decline in Bitcoin and altcoin.
However, analysts say the correction is normal and they expect the rise to continue.
At this point, BTC’s forecasts for over $150,000 have risen, while Sol Strategies CEO Leah Wald was among those looking forward to a further increase.
Speaking to CNBC, Sol Strategies CEO Leah Wald said he believes Bitcoin could surge by the end of 2025.
Wald, who believes Bitcoin could rise to $175,000, said the forecast is conservative compared to other analysts’ predictions.
Wald said increased institutional participation will further strengthen the rise in Bitcoin, with Bitcoin likely to reach $1 million by 2030.
Bitcoin predictions are no longer limited to speculation, and Waldo pointed to the robustness of predictions with giant names like Cathy Wood and Larry Fink.
“Large investors around the world, including Ark Invest CEO Catie Wood and BlackRock’s Chairman Larry Fink, have set astronomical targets for Bitcoin’s potential.
Moreover, their predictions are supported for very robust reasons based on their own models. ”
The well-known CEO ultimately added that while Bitcoin and cryptocurrency are no longer speculative assets, it could transform global finance and that blockchain could serve as the foundation of the market in the future.
*This is not investment advice.
