#BTC $BTC

Putting together all current signals, I think:

By end-2025, BTC has a good chance (~60-70%) of being between US$150,000-$200,000, if favorable conditions hold (rate cuts, demand, etc.).

A more conservative scenario puts it at US$120,000-$150,000 if things go more slowly.

If negative shocks arise (regulation, macro collapse), we could see drops, possibly back toward US$80,000-100,000 or lower temporarily.

Long-term (3-5 years), there is very significant upside if adoption continues, but also large tail risks.$BTC