Bitcoin Price to $315,000? Why This Famed Investor and Bitwise Exec Sees BTC Going 'Parabolic'

Key Takeaways

• Mike Alfred predicts Bitcoin could surge to $315,000.

• Bitwise CIO Matt Hougan said persistent ETF request could yet propulsion Bitcoin into a parabolic terms move.

• Despite bullish sentiment, immoderate analysts pass Bitcoin whitethorn revert toward $10,000.

A salient Bitcoin (BTC) bull has renewed his bullish forecasts, suggesting its terms could surge to $315,000.

Meanwhile, a Bitwise enforcement said that continued request from exchange-traded funds (ETFs) could yet nonstop Bitcoin’s terms into a parabolic rise.

The bullish predictions opposition with a rising fig of Bitcoin bears who assertion its terms is heading for a important drop.

Mike Alfred, a well-known crypto capitalist and commentator, wrote connected X that Bitcoin is “quietly gathering towards the adjacent large trial of the captious $94,000 level,” adding that “if we interruption $94,000 connected volume, $315,000 is coming.”

“I repeat: if we interruption $94,000 connected volume, $315,000 is coming,” helium wrote.

The comments came conscionable earlier Bitcoin’s terms roseate different 2% connected Tuesday, with it presently trading astatine conscionable implicit $95,000 astatine the clip of reporting.

Alfred has a past of bold predictions, galore of them catching occurrence from skeptics for being excessively optimistic.

Last month, Alfred argued that marketplace sentiment has swung excessively acold to the negative, penning previously:

“Everyone seems to deliberation Bitcoin is going to spell little present adjacent though BTC is profoundly oversold, AI request is growing, and liquidity conditions are astir to improve… It’s imaginable the play queens are getting a spot carried distant here.”

Alfred is 1 of the galore manufacture figureheads who has backed a 7 fig valuation for Bitcoin.

Matt Hougan, main concern serviceman astatine Bitwise, weighed successful connected Bitcoin’s terms trajectory, drafting parallels to gold’s historical 2025 surge.

In a Tuesday station connected X, the enforcement wrote: “Bitcoin’s terms volition spell parabolic if ETF request persists long-term.”

“The terms of some golden and Bitcoin are acceptable by supply-and-demand… Central slope purchases of golden spiked successful 2022, but it wasn’t until 2025 that prices went parabolic,” helium added.

Since the debut of Bitcoin ETFs successful January 2024, Hougan said, funds person been buying much than 100% of caller Bitcoin supply, but prices person yet to spell parabolic due to the fact that existing holders person been consenting to sell.

“If ETF request persists — and I deliberation it volition — eventually, these sellers volition tally retired of ammo. And erstwhile they do…” helium added, leaving the accusation clear.