JP Richardson, CEO of public crypto company Exodus, shared a striking price prediction for Bitcoin (BTC) in an interview with CNBC.
The senior executive stated that he expects Bitcoin to surpass the $200,000 level next year, while predicting that its market value will surpass that of gold in the long term.
The CEO noted that, based on the current market cap, Bitcoin has a market capitalization of approximately $1.8 trillion, while gold stands at $18 trillion. He added that closing this gap would potentially see Bitcoin surge tenfold, potentially pushing its price into the $900,000–$1,000,000 range. “Whether we'll see $1 million in a few years isn't certain, but I expect the $200,000 level to be surpassed by 2026,” he said.
Citing the Fed's upcoming interest rate cuts as a key driver of price appreciation, the CEO stated that President Donald Trump's proposed large-scale stimulus packages could also inject new momentum into risky assets. He argued that the combination of these two factors would create a strong bullish narrative in the crypto market.
He also stated that the US might revisit the idea of creating a “strategic Bitcoin reserve” before the upcoming midterm elections, arguing that one of the most striking developments of the recent period has not been talked about enough: “Texas, the world's eighth-largest economy, has added Bitcoin to its balance sheet by purchasing it. This is a huge deal.”
The CEO said that this step could have a knock-on effect: “How many states will follow suit? How many countries will take a similar step?” He pointed out that a new wave of Bitcoin buying could begin on a national and global scale.
*This is not investment advice.
