2024-06-22 08:05:00 ET
Throughout the first six months of 2024, you've probably heard all sorts of ultra-bullish predictions for where the price of Bitcoin (CRYPTO: BTC) could be headed next. International bank Standard Chartered, for example, now thinks Bitcoin could soar to $150,000 by the end of 2024.
That price target is aggressive, but it might not be aggressive enough. Billionaire venture capitalist Chamath Palihapitiya thinks Bitcoin could hit $500,000 by October 2025. According to Palihapitiya, two key catalysts could make this happen.
The primary catalyst for rapid price appreciation is the halving . Bitcoin recently had its fourth halving on April 19, and the current expectation is that this event will unlock tremendous value over the next year.
For further details see:
Bitcoin Could Hit $500,000 by October 2025, According to This Billionaire Investor