With Bitcoin trading around $91,000 and rising rapidly following the election, the crypto world is awash with speculation about how high the largest cryptocurrency could go.
Prediction markets and leading analysts are offering a range of predictions that underscore Bitcoin’s potential in a bullish environment.
On Polymarket, a leading crypto-based prediction platform, users are optimistic about Bitcoin’s performance this November:
The 72% rate indicates that Bitcoin will reach $95,000.
- The probability of Bitcoin reaching $105,000 is 23%, and the probability of it reaching $110,000 is 14%.
- A separate trading shows that there is a 60% chance that Bitcoin will stay above $90,000 by November 22.
Meanwhile, another prediction market, Kalshi, shows more long-term confidence:
- There is a 52% chance that Bitcoin will exceed $125,000 by 2026.
- There is a 44% chance that Bitcoin will reach $150,000 or more.
Wall Street strategist and Fundstrat Global Advisors co-founder Tom Lee, whose 2023 stock market predictions are among the most accurate, is continuing his bullish outlook on Bitcoin. While his March prediction of $150,000 by the end of the year now looks less certain, he told CNBC last week that it was still plausible for Bitcoin to reach six figures.
“Post-halving, Bitcoin becomes much more important and with the lower regulatory barriers, there is a significant upside from here,” Lee said.
Bitcoin, which is already up 32% in November, only needs to climb another 10% to reach the $100,000 milestone.
*This is not investment advice.