A closely watched crypto strategist who has seen the end of Bitcoin’s 2021 bull market believes that BTC will post nearly four times more gains before 2025 ends.
Pseudonymous analyst Pentoshi tells his 753,000 followers on social media platform X that Bitcoin’s three-day chart looks “nice.”
According to the crypto strategist, it is within the realm of possibility that Bitcoin will witness a rally of around 277% from current levels within the next 22 months.
“I think it is possible that BTC will reach $180,000 by the end of 2025…
And I certainly don’t feel like it’s all that crazy with where the world is and is going. If for some reason something happens or new information comes to light, then of course I will admit that I am wrong.
But to date, at least on high time frames. I have been well informed more often than not.”
According to Pentoshi, the adoption of spot Bitcoin exchange-traded funds (ETFs) has given the richest generation access to the crypto king. The analyst predicts that BTC’s market cap could increase by more than 5x in the coming years.
“Our entire asset class is smaller than the individual stock boomers bidding every day. Watch how they gobbled up and swallowed the GBTC (Grayscale Bitcoin Trust) offering. What reminds you of BTC won’t there be a $5 trillion asset in the next few years?”
Pentoshi too highlights one of BTC’s strongest stories: Bitcoin’s supply is limited to 21 million coins in a world where governments can print money at will.
“BTC must continue to trade as if it has a finite supply, and like fiat money, it is unlimited within a sufficiently long period of time.”
At the time of writing, Bitcoin is trading at $48,277 with a market cap of less than $1 trillion.
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Generated image: Midjourney