Bitcoin Projected to Reach $1 Million by Year-End If Cycle Continues
Bitcoin (BTC) has risen to over $100,000, recovering significantly from its low of approximately $15,500 during the FTX collapse in November 2022. Key points include:
- The current price reflects a 550% increase from the cycle lows.
- The four-year halving cycle shows historical patterns of price appreciation post-halving.
- If BTC continues on the same trajectory as previous cycles, it could reach about $186,000 by Q1 2025 and potentially peak at around $1.7 million by October.
- Comparatively, Bitcoin increased 20x during Donald Trump's first presidential term; a 10x return now would place BTC at $1 million.
Glassnode data indicates that price tracking may vary based on trading platforms.