$BTC Breakout Above $120K Could Trigger $150K Rally, Says Charles Edwards


$BTC may surge to $150,000 before year-end as institutional demand follows gold's safe-haven rally, according to Capriole Investments founder Charles Edwards. The hedge fund manager told reporters at #TOKEN2049 in Singapore that a $BTC breakout above $120,000 could happen within days and lead to a rapid climb to new highs.


Edwards described the potential move as "very quick" once $BTC clears the $120,000 psychological barrier. The cryptocurrency rose over 6% in the past week, recovering above $118,500 for the first time since Aug. 15. Trading data showed renewed momentum building in the asset after a period of consolidation.


The projection represents a more measured outlook compared to some market forecasts. André Dragosch, head of European research at Bitwise Asset Management, suggested $BTC could reach $200,000 before year-end. His analysis pointed to the inclusion of crypto in U.S. 401(k) retirement plans as a potential catalyst for unlocking $122 billion in new capital.


Even a 1% allocation by retirement fund managers could provide sufficient momentum to push $BTC above $200,000, Dragosch noted. The institutional adoption pathway represents a significant structural shift in how traditional investors access #cryptocurrency exposure through tax-advantaged accounts.

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October 02, 2025 at 7:34 PM
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