A target of $150,000 for BTC in this cycle would be "ridiculously low," according to a trader
A trader claims that a Bitcoin price of $150,000 could be "ridiculously low," citing the mass adoption expected from countries and companies that will use it as a store of value.
A trader asserts that Bitcoin is likely to far exceed the price target of $150,000 that some have forecasted for the current cycle, calling it "ridiculously low" given the likelihood of it being adopted by many more nations, funds, and corporations in the coming years.
"There is absolutely no reason to stop or limit ourselves to $150,000. If we get there, there will only be more reasons to reach $250,000-$400,000," said crypto trader Alex Becker in a post on X on January 16.
The target of $150,000 for Bitcoin "is ridiculously low"
If Bitcoin were to reach $150,000, it would represent a 48% increase from its current price of $101,690 and a 38% increase from its all-time high of $108,249, according to CoinMarketCap.
