Reported 8 months ago
Billionaire investor Chamath Palihapitiya believes that Bitcoin could reach $500,000 by October 2025 due to two key catalysts. The first catalyst is the Bitcoin halving event, which enhances the scarcity and anti-inflationary nature of Bitcoin. The second catalyst is the growing opportunity for Bitcoin to become a global reserve asset, especially as non-Western nations may choose to hold both their domestic currencies and Bitcoin. Palihapitiya's analysis suggests that Bitcoin's price could trade sideways in the summer but heat up in the fall and winter, potentially reaching $500,000 by April 2025.
Source: YAHOO