Our Bitcoin ROC generated a “BUY Signal” in early November. BTC has since rocketed to the psychological resistance level of $100,000 where it is consolidating in preparation for another leg up. Experts are predicting that this cycle will top out sometime in 2025 anywhere between $150,00 and $250,000.
But if governments and Sovereign Wealth Funds jump on the bandwagon those limits will seem woefully small. After a pullback in 2026, predictions have BTC possibly climbing to unbelievable levels by 2030. Those stratospheric predictions range anywhere from $500,000 to well over $1 million or more. The major factor is the recent acceptance by traditional finance and governmental entities as evidenced by the ETFs.
Proposals are already circulating in Congress to establish Bitcoin holdings to add to the U.S. government’s strategic reserve gold holdings, since BTC is the only asset that is strictly limited in supply. So, no matter how much demand increases, supply can’t increase, which will simply drive up the price in the long run.
Currently, supply is increasing by approximately 450 BTC per day. But companies like Microstrategy are buying up many multiples of that amount every day, as are ETFs, so if governments increase the demand even further, prices will be forced much higher. But supply won’t continue to increase at this level forever. Approximately, every four years the BTC algorithm makes it twice as hard to produce another Bitcoin (called the halving), so sometime around 2028 bitcoin production should drop to 225 BTC per day. But demand will continue upward.
Read more on the Crypto ROC – BTC and ETH page.
