Steven Lubka said his forecast is based on belief and analysis of Bitcoin’s historical price trajectory, which is influenced more by global fiscal and monetary conditions than by any political events.
“I believe that by 2025, the value of Bitcoin will reach six figures. And it will reach this result regardless of who wins the presidential race,” Lubka said.
He stressed that the recent institutional adoption of the first cryptocurrency, which was demonstrated by the launch of Bitcoin spot ETFs, further strengthened his optimistic outlook.
Bernstein analysts hold an alternative point of view. In their forecast for the market price of bitcoin, the experts noted that for most of 2024, the price of bitcoin fluctuated between $55,000 and $70,000, and investors should expect price stagnation of BTC until the US electorate chooses the next president. At the same time, the victory of the candidate from the ruling Democratic Party in the election could lead to a drop in the price of bitcoin to $40,000.
Source: Bits
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