Bitcoin’s price trajectory has always been a subject of debate, but Bitdeer’s head of capital markets and strategic initiative Jeff Laberge said the next major leg will reach between $150,000 and $200,000 this year. I think I can do this.
Speaking to Rob Nelson at the roundtable, Laberge points out that Bitcoin price is difficult to predict, but it points to historical patterns and increasing adoption as a key factor in long-term growth. I acknowledged it.
“We’re trying to predict the price of Bitcoin…Gars, that’s like a fool’s movement at times,” Larje said. “But yeah, look, I think there are a lot of benefits out there. I think this year there will certainly be a range of $150,000-200,000 on the cards.”
Laberge noted that Bitcoin has historically followed the four-year bull bear cycle. There, major gatherings take place the year after the Bitcoin Harving event.
“It seems like it was forever before, but it was really just nine months ago,” he said. “It’s usually a bull market kickoff, and I think we’ve seen it.”
But beyond the predictable cycle of Bitcoin, Laberge highlighted two additional catalysts that will drive the current surge. Spot Bitcoin ETF approval and a more encryption-friendly US administration. These, he argue, are important factors that differentiate this bull from the previous cycle.
Laberge believes there is still a lot of room for recruitment, especially among major financial players.
“I think Bitcoin adoption rate is still in a single digit lower, depending on how you measure it,” he said. “Institutionalized things, big institutions like BlackRock and Fidelity can be involved, but still have a small percentage of adoption, which is very incredible when you think about it. is.”