Bitcoin

<h2 id="key-points">Key Points</h2>
<ul>
 <li>Laurent Benayoun, CEO of Acheron Trading, predicts Bitcoin’s price could potentially reach $180,000 in the current bull market cycle.</li>
 <li>Several other forecasts align with Benayoun’s, predicting significant price increases for Bitcoin.</li>
</ul>
<p>The CEO of Acheron Trading, Laurent Benayoun, who is also an expert in quantitative trading strategies, suggests that the price of <a href="https://crypto.ro/en/cryptocurrencies/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin (BTC)</a> could see a 150% increase during the current bull market cycle.</p>
<h2 id="potential-bitcoin-price-increase">Potential Bitcoin Price Increase</h2>
<p>Benayoun believes that a combination of factors, including the introduction of spot Bitcoin exchange-traded funds (ETFs) and the upcoming Bitcoin halving, could potentially push the price of Bitcoin to a cycle top of $180,000.</p>
<p>He noted that historical performance shows a decreasing multiple on the all-time high with each cycle, suggesting a potential 2x to 3x increase from previous cycles.</p>
<p>Furthermore, Benayoun suggests that improvements in the US’s financial policy could also contribute to Bitcoin’s price appreciation.</p>
<p>He mentioned that the market is pricing in a reduction in interest rates, which have been flatlining, and it is reasonable to expect them to decrease in the near future.</p>
<h2 id="other-predictions-align">Other Predictions Align</h2>
<p>Other experts’ predictions align with Benayoun’s. For instance, analysts at Bitfinex suggest a price of $120,000 by the end of 2024.</p>
<p>Bernstein, a wealth management giant, expects Bitcoin to reach around $150,000 following the halving by mid-2025.</p>
<p>More ambitious targets suggest a peak price of $337,000 for Bitcoin.</p>
<p>Willy Woo, a Bitcoin analyst and managing partner at CMCC Crest, stated that the current bull market is still early and equates to the last cycle’s $20,000 mark.</p>
<p>Additionally, Ark Invest’s Cathie Wood sees a $1 million Bitcoin price as too conservative by 2030.</p>
<p>She stated that their target is well above that, with new expectations for institutional involvement doubling the incremental price they assume for institutions.</p>
<p>On March 25, Bitcoin reclaimed the $70,000 mark for the first time in 10 days.</p>
<p>Currently, the price of Bitcoin is up over 6.3% on the weekly chart, trading around $70,800.</p>

Bitcoin’s Climb to $180K: Unveiling the Latest BTC Price Prediction

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