Bitcoin Could Hit $500,000 by October 2025, According to This Billionaire Investor
Throughout the first six months of 2024, you've probably heard all sorts of ultra-bullish predictions for where the price of Bitcoin (CRYPTO: BTC) could be headed next. International bank Standard Chartered, for example, now thinks Bitcoin could soar to $150,000 by the end of 2024.
That price target is aggressive, but it might not be aggressive enough. Billionaire venture capitalist Chamath Palihapitiya thinks Bitcoin could hit $500,000 by October 2025. According to Palihapitiya, two key catalysts could make this happen.
The primary catalyst for rapid price appreciation is the halving. Bitcoin recently had its fourth halving on April 19, and the current expectation is that this event will unlock tremendous value over the next year.
Source Fool.com
