Peter Brandt on Bitcoin: If the sequence continues, the next high of the bull cycle will occur at the end of August 2025
Well-known analyst and trader Peter Brandt said that if the BTC price follows the trajectory of previous bullish cycles after halving, the value of Bitcoin may rise. According to the expert, the main crypto coin could cost from $130,000 to $150,000 by the end of August next year.
“If this pattern continues, the next bull market cycle high should occur in late Aug/early Sep 2025,” he said.
At the same time, Brandt recalled that none of the modern methods of analysis can be considered accurate when it comes to modeling the peak of the Bitcoin price movement.
Venture investor Chamath Palihapitiya believes that the cost of BTC could reach $500,000 by October next year. As an argument, he drew attention to the strengthening of Bitcoin’s position after the update. If this happens, the main digital coin could displace gold and become one of the key investment assets in the market.
Palihapitiya said that BTC could soar to almost $500,000 by October 2025. He also noted that with the dollar depreciating, Bitcoin will have some really interesting opportunities.
Mexican billionaire Ricardo Salinas advised his subscribers to purchase the main cryptocurrency. According to the entrepreneur, in this way you can secure your savings and protect yourself from devaluation of state currencies.
Users asked the billionaire which exchange-traded funds based on digital assets are worth investing in. Salinas again pointed to the main cryptocurrency, showing a high level of confidence in new investment products that provide opportunities for new players in the financial market.
Do you believe that Bitcoin will rise in price significantly in the coming months?