I’ve been bullish on BTC since early 2023, and I’m still bullish on its price and the crypto market overall—at least until we hit that mass euphoria stage. We’re not there yet. Right now, we’re probably in the “hope” phase of the cycle, but euphoria? Nowhere in sight.
That moment will arrive when plebs start seeing Bitcoin ads on TV and others begin showing off their portfolio values to friends and family. Sadly, many of those screenshots will be the only thing they’re left with after the bull run fades. They’ll give everything back to the market.
Trust me, I know this from experience. That’s how you learn. You lose first. You gain the experience of preserving capital before you even think about celebrating unrealized profits or bragging about how you turned $1,000 into 10 times that.
This bull market is strange. BTC has already hit a new all-time high (ATH) before the halving event—something that’s never happened before. Thanks to the institutional FOMO triggered by the launch of spot ETFs, we’ve seen a massive surge, pushing BTC to new local peaks.
At $94,000, most bears calling this the “third peak” after the 2021 double-top are sidelined and in deep regret. Every day, we’re seeing more institutions going public with their Bitcoin exposure. Once we smash through $100,000, the real FOMO will begin. The big players, the “fat fingers,” will start believing there’s no ceiling from there.
But there will be a peak—there always is. The problem is, nobody will know it’s the peak until it’s too late. Maybe a few savvy individuals will spot it, but the masses? They’ll be caught in the euphoria, screaming about $1 million price targets. That’s when I’ll start aggressively exiting the market.
How high could BTC go in this bull market? If I had to guess, I’d say around $200,000. But honestly, I wouldn’t bet on an exact number. The ultimate price will depend heavily on how many states and wealthy companies decide to jump on the Bitcoin train. The more, the better.
$238,000 sounds like a nice number to me. What about you?
Thanks for your attention,
Adrian