SOL Strategies CEO Predicts Bitcoin Could Reach $175,000 by Year-End

The CEO of SOL Strategies, Leah Wald, anticipates a significant price increase for Bitcoin before year-end, targeting a conservative estimate of $175,000. Recently, Bitcoin reached approximately $124,000, indicating potential for volatility.

Institutional Interest Drives Momentum

Wald attributes this optimism to increased institutional investment from firms like BlackRock and prominent investors such as Cathie Wood.
Comments from influential figures like Larry Fink are reshaping market expectations, supporting higher price targets.
Despite past challenges, including the FTX collapse, banks and asset managers are beginning to re-engage with the crypto market.

Long-Term Bets Stay Very Ambitious

Some forecasts predict Bitcoin could reach $1 million by 2030, driven by factors like adoption and limited supply.
A rise to $175,000 would represent a rapid increase from current levels.
Market movements are often influenced by expectations, capital flows, and news developments.

Wald emphasizes that the focus in crypto is shifting from short-term trading to building infrastructure using blockchain technology, with nation-states and asset managers considering long-term strategies.