Posted 2/4/2024, 3:07:00 PM
Bitcoin Price Predicted to Reach $150K by 2025 Despite Recent Volatility
- Bitcoin is currently trading around $43,100 per coin, down 37% from its all-time high of $68,790 in November 2021
- The article predicts Bitcoin will reach $150,000 by the end of 2025 due to upcoming "halving" events and increasing mainstream adoption
- However, Bitcoin has risks including high volatility, limited real-world usage, and regulatory threats that could negatively impact its price
- Upcoming "halvings" that reduce mining rewards have historically triggered significant Bitcoin price increases after initial dips
- The author recommends adding "modest" Bitcoin exposure to diversified portfolios, not going "all-in" given the risks involved