Bitcoin dominates the crypto headlines. But after everything we’ve seen, is it possible that we still don’t talk about it enough?
Recent trading sessions pushed $BTC to a new all-time high of $111K. While the price has pulled back slightly since then, there’s no real sign of a major retreat. Quite the opposite, by some key measures, there’s plenty of room for upward movement.
Here’s why, even after constant coverage, you still might be undervaluing Bitcoin.
If you feel like everyone’s been calling for major Bitcoin gains, well, you’re not wrong.
Mike Novogratz, Galaxy Digital founder and former Goldman Sachs partner, sits on the more conservative end of the spectrum with his predictions. But even he thinks Bitcoin will move to between $130K-$150K by the end of the year.
And they may be on to something.
According to recent research from NYDIG, there’s plenty of room for Bitcoin to continue its upward momentum.
One key idea when analyzing the risk in the Bitcoin market is the idea of overheating – an asset growing too quickly, leading to excessive speculation and setting things up for a correction (or worse, a crash).
Take futures, for example:
Perpetual futures funding rates sit at 6.2%, practically nothing compared to the 100%+ rates seen in earlier cycles.
It indicates that Bitcoin could heat up significantly on its way to new highs – such as the ones the experts suggest in the $250K+ range.
We outline the historical trough-to-peak multiples and provide a range of estimated prices based on those precedents. While these are just rough benchmarks, they suggest there’s still meaningful upside potential for Bitcoin.
It’s worth noting that as Bitcoin and the crypto markets mature, the range of trough-to-peak returns will naturally diminish. Unless Cathy Woods is correct, of course, and $BTC shoots to $1.5M quicker than anyone expects.
The project uses a combo of token burns and airdrops to link $BTC’s and $BTCBULL’s performance together. Every time Bitcoin hits a key price milestone on the way to $250K, either a token burn occurs (exerting deflationary pressure) or an airdrop lands (rewarding token holders with free crypto).
Here’s the breakdown:
Three $BTCBULL token burns, two $BTC airdrops, one massive $BTCBULL token airdrop to round things out.
Even a few weeks ago, when the BTC Bull token presale began, $250K for Bitcoin might have seemed ambitious.
The $SNORT token is multichain on both Solana and Ethereum, and investors can move them back and forth via the Portal Bridge, in order to take advantage of the best opportunities.
The bot includes a number of advanced features for better, safer trading and meme coin sniping. Those include:
$SNORT also offers an industry-leading combination of features aimed at keeping you safe from memecoin bad actors, along with other features intended to power-up your trading.
The Open Network’s Toncoin ($TON) began life as Telegram’s native token. It has since expanded beyond Telegram, but there’s still a close tie between the social media channel and $TON’s performance.
Toncoin aims to bring 500M users on-chain, only half of its estimated 1B monthly active users. The app is among the top-10 most popular social networks in the world.
That’s a huge potential market for $TON. With Snorter Token ($SNORT) coming to Telegram after the presale, that market could grow even further.
Whether Bitcoin hits $130K this year or $1.5M by 2030, one thing is clear – the upside potential remains strong.
Always do your own research; this is not financial advice, and crypto will always be volatile.
