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Other analysts say that there will be yields higher than expected at the end of the year.
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Melker reaffirms that BTC and cryptocurrencies usually move in approximately 4 -year cycles.
The cryptocurrency market analyst Scott Melker said that Bitcoin (BTC) could reach $ 250,000 this year, an increase of 2.5 times from its current price, according to statements in a podcast with the cryptocurrency enthusiast David Lin.
Melker argues that this scenario is plausible due to Bitcoin’s historical patterns, which usually show significant movements in cycles of approximately four years. Other analysts, such as those of Standard Chartered and Arthur Hayes, CEO of Bitmex, share this projection, while more conservative estimates They place the price between $ 120,000 and $ 150,000 for the peak of the upward cycle.
The analyst stressed that four -year -old cycles have characterized Bitcoin’s behavior, with pronounced increases followed by falls from 75% to 80%before starting a new ascent.
«If you look at the minimum of 2020, when the Covid-19 pandemic, up to the maximum of the following upward market, BTC went from USD 3,000 to $ 69,000, 17 times its value,» he explained.
Thus, an increase to $ 250,000, according to him, would not be extraordinary, although he said that The exact moment cannot predict. However, he acknowledged that some analysts are more cautious after overestimation in previous cycles, projecting a range of maximum $ 150,000 as the consensus for the peak of this cycle.
The analyst also addressed Bitcoin’s narrative as possible replacement of the dollar as a global reserve currencyan idea that has gained traction. He quoted Larry Fink, CEO from Blackrock, the world’s largest asset manager, who has indicated that the massive inflation of US debt could weaken the dollar, causing this possibility to stop sounding crazy.
However, Melker expressed skepticism about a total collapse of the dollar in the next decade, warning that a scenario where Bitcoin reaches an «infinite» value against the dollar It could imply a dystopian future.
Melker’s projection coincides with other voices in the sector. In March 2024, Standard Chartered said Bitcoin will reach $ 250,000 in 2025, Considering it the maximum of the Alcista cycleand then stabilize around 200,000 dollars, as cryptootics reported.
Arthur Hayes, CEO of Bitmex, also projected that, after exceeding $ 110,000, Bitcoin will not stop to $ 250,000. These estimates reflect a shared optimism about the bullish potential of the digital currency in the short term.
Another analyst, known as APSK32, reinforces this perspective by pointing out that Bitcoin’s current position has improved since April. In his opinion, that is the indicator «that gives me hope of obtaining returns superior to those expected at the end of this year,» he said.
In addition, APSK32 indicated that the BTC-USD It is close to the «extreme greed», A level that, although it sounds alarming, is consistent with the expected behavior in a four -year cycle.
A debate that persists
The debate on whether the four -year cycle is still in force. Melker said that some consider that this pattern could be «broken», although he believes that it is more likely to remain. Past cycles have shown exponential increases followed by significant corrections, A behavior that has defined the trajectory of BTC since its creation.
The possibility of a new peak in 2025 relies on increasing institutional adoption and Bitcoin’s perception as a shelter asset Faced with inflation and economic uncertainty.
Despite optimism, projections are not exempt from risks. Melker acknowledged that estimates of $ 250,000 are ambitious and that consensus tends to be more conservative. Macroeconomic factors, such as the monetary policy of the United States and the stability of the dollar, They could influence Bitcoin’s performance. In addition, the volatility inherent in cryptocurrencies implies that sudden corrections are a possibility after a significant rise.
The discussion about Bitcoin’s future reflects an evolving market, where optimistic projections coexist with caution. Melker’s estimates, backed by analysts such as Hayes, Standard Chartered and APSK32, point to a potentially transformative 2025 for the leading digital currencyalthough the road to $ 250,000 will be marked by uncertainty and volatility.