From $20.000 to $117.000: Why Bitcoin Hasn't Peaked, Analysts Say

Bitcoin is trading above $110.000 as experts anticipate even greater growth, consolidating its position as a key asset and financial revolution.

The world's largest and most well-known cryptocurrency, Bitcoin, is going through a crucial juncture. With a price that exceeds $110.000 At the time of writing, the market-leading cryptocurrency appears to be defying experts' most optimistic forecasts. 

In just two years, the price of BTC went from trading above $20.000 per unit to over $124.000, when it set its current all-time high (ATH) last August. This unprecedented growth not only reflects an extraordinary revaluation, but also fuels an intense debate in the financial community about How high the value of BTC could go in the coming years. 

Many claim that Bitcoin hasn't reached its limit, and to understand this, it's essential to examine the perspectives of experts who analyze its fundamentals, adoption, and growing future role in the global economy.

Voices predicting exponential growth for Bitcoin

Among the most prominent opinions is that of the man with the highest recorded IQ in the world. Dr. YoungHoon Kim, who has an IQ of 276, supports that Bitcoin could grow 100-fold in the next decade, reaching values ​​that would consolidate it as the global reserve currency. For him, BTC's underlying technology and growing acceptance across various sectors position it to revolutionize the current financial system.

For his part, the well-known investor and venture capitalist Tim Draper has raised short-term expectations on BTC, stating that its price could reach $250.000 in just 120 daysHis prediction reflects optimism supported by institutional interest and mass cryptocurrency adoption trends, which have intensified recently.

Another statement that highlights the value of Bitcoin as an investment asset is that Eric Trump, son of US President Donald Trump and a prominent figure in the business world, who recently stated that Bitcoin is the best asset of the last decade by a considerable margin. Their analysis points to Bitcoin's ability to generate returns superior to traditional assets, as well as its resilience to economic crises and inflationary policies.

Bitcoin is the new gold of the 21st century

For his part, the founder of the Tiger 21 investment group, Michael Sonnenfeld, said during an appearance on CNBC that “The ultra-rich are finally buying Bitcoin”, a clear indication that the crypto market is undergoing a strong accumulation phase by large fortunes seeking to protect and multiply their assets. 

According to him, this phenomenon has been one of the key drivers behind improving the perception of the leading cryptocurrency in the global financial environment. Furthermore, Sonnenfeld has said in the past that Bitcoin has become a store of value and a hedge against instability for the world's wealthiest investors.

In line with this growing institutional interest, BlackRock, one of the largest asset managers worldwide, increased its exposure to Bitcoin by 30% through its Global Allocation Fund. This strategic move reaffirms the growing trend of including cryptocurrencies in diversified portfolios, consolidating BTC as an increasingly mainstream asset in investment fund management.

Finally, Steve Wozniak, co-founder of Apple and known for his technical and mathematical knowledge, has described Bitcoin as “the most amazing mathematical miracle”. Even, he has compared favorably with gold, highlighting the potential of cryptocurrency as a store of value in an increasingly digitalized and decentralized world.

When the rules change: Bitcoin is remaking the map of money

In a recent interview, Mark Moss, a renowned investor and analyst, stated: “We are witnessing the collapse of a 250-year cycle, and Bitcoin is the foundation for what comes next.”. 

Moss explains that the confluence of macroeconomic forces, including monetary management, global debt, the influence of artificial intelligence, and decentralization, is setting the stage for Bitcoin to play a leading role. According to his analysis, the cryptocurrency is not just a financial instrument, but a structural component that will transform the way society organizes and distributes value.

The weight of these interpretations adds to the approach of Kevin Hassett, an economist with strong support from pro-crypto sectors and considered a favorite to become chairman of the Federal Reserve. Hassett has noted that Bitcoin “will rewrite the rules of finance”, underscoring a growing institutional recognition of the potential of cryptoassets, which could influence future monetary and regulatory policies in the United States.

Certificate

Basic Bitcoin Course

Basic level

Start from scratch in Bitcoin in a clear, easy, safe and quick way. This course is specially designed for beginners practically know nothing about Bitcoin.

FREE 16 lessons (11 videos)

Start now

The new pillar of the global digital economy

The convergence of diverse but concurring opinions on Bitcoin's strength and potential is a significant indication of the historic moment this technology is experiencing. It is not just a passing fad or another speculative asset, but a revolution in the very concept of money and markets. From intellectuals to large investors and institutional managers, increasingly more prominent figures are playing a key role. recognize that Bitcoin represents a paradigm shift.

Due to its decentralized structure, cryptographic foundations, and growing adoption, BTC is positioned as un pillar of the future digital economy. Therefore, its trajectory, from historic highs close to $20.000 in early 2023 to surpassing $124.000 in August of this year, shows that its ceiling is still far from being reached. In this context, understanding the trends and analyses of the world's leading financial and technological benchmarks offers a relevant guide for those seeking to anticipate the movements of this global phenomenon.

With an expanding ecosystem, growing institutional investment, and a favorable macroeconomic outlook, Bitcoin continues to redefine the horizon of international finance. The question now is not whether it will reach new heights, but when and how it will transform the global financial system.