Bitcoin down 7% for Week, but Saylor Predicts $150K by End of Year
Bitcoin is down right now but one major investors predicts a massive climb before the end of the year.
Quick overview
- Billionaire investor Michael Saylor predicts Bitcoin could reach $150K by the end of the year, despite a recent 7% drop.
- Currently priced at $107,362, Bitcoin has struggled to maintain momentum after hitting new highs.
- Saylor believes Bitcoin could eventually climb to $1 million in the next four to eight years and even reach $20 million at some point.
- Positive public perception and new legislation could support Bitcoin's performance in the coming years, despite current market volatility.
Billionaire investor Michal Saylor says that Bitcoin (BTC) could still hit $150K before the year is up, despite the digital token spending the last week dropping more than 7%.
Saylor thinks that Bitcoin can still hit that early 2025 prediction of $150K that many analysts have been anticipating. Currently, Bitcoin is selling at $107,362 (BTC/USD) and is down 7.12% for the past week. The coin has had trouble maintaining momentum after it hits new highs, so a prediction of $150K at this point in the year seems overly optimistic.
BTC/USDSaylor is the former CEO of MicroStrategy, a company which famously invested more into Bitcoin than almost any other entity in the world. Saylor gave his prediction this week at a Money 20/20 conference held in Las Vegas, and he fully expects that Bitcoin can hit $150,000 before 2025 is over.
Saylor Expects Great Things from Bitcoin
The famous investor did not stop there with his Bitcoin predictions. He said that in the next four to eight years, Bitcoin could climb as high as $1 million and that it will reach $20 million at some point.
But as good as this year has been for the stock market, it has not been as bullish for Bitcoin. Starting off the year around $94K, Bitcoin has only gained about 8.1% this year. However, the coin was artificially high at the start of the year because of exceptional expectations for Donald Trump’s presidency. The coin also reached a record high a few times this year, topping out at $126,198.
As we said, though, Bitcoin has had trouble keeping up its momentum after it reaches a new high, and there has been intense selling pressure for the coin as the market shifted up and down. Fears over tariffs was one of the biggest market moves, causing Bitcoin’s price to drop a few times this year.
The current public perception of cryptocurrency and Bitcoin in particular are fairly positive, however. The new legislation passed this year for cryptocracy makes it easier for investors to buy these coins, and Bitcoin has enjoyed huge support from the United States government. Trump even set up a Bitcoin fund earlier this year.
The groundwork has been laid for Bitcoin to perform very well next year, and if there is less back and forth about tariffs and continued economic strength, the coin could perform even better in 2026. A climb to $150K before the end of December seems far-fetched at this point, but the crypto market could still have some surprises in store.
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