Bitcoin is already showing some convincing price movement. The token has managed to move above $77K and now trades at $78K. BTC, which is a global highlight at the moment due to the geopolitical instabilities that are currently taking place has been pushed by the markets towards a safer haven. BTC’s volatility continues, yet the majority predict BTC to reach the $100K level by the year end. They are right, or not?
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Bitcoin to Surge Above $100K by the Year. Major Institutions Betted on it
The major leading banks have predicted collectively a new target price for Bitcoin. In a new Milk Road article, several well-known banking institutions have predicted that BTC will reach $100K or more by the end the year.
VanEck believes that BTC could reach $250K before the year 2026. Citigroup, JPMorgan and Standard Chartered, however, believe that Bitcoin will reach $112K or $175K by the year’s end. Pantera Capital and Standard Chartered, on the other hand, predict a price of $148K for Bitcoin and a $100K mark.
Cathie Draper and Tim Draper, two strong investors have shared their own predictions. They both predicted that BTC could easily surpass $250K and $270K within the next year.
The Reality Check
Although leading institutions have continued to make bold predictions about BTC prices, platforms like CoinCodex are more conservative. According to CoinCodex BTC statsBitcoin could reach the 80K dollar mark before the year 2026. CC said that Bitcoin may reach its peak at a later date and gain momentum beyond 2030.
“Bitcoin is forecasted to hit $80,215 by the end of 2026 (+2.69% compared to current rates), $166,372 by 2030 (+112.99%), $968,339 by 2040 (+1,139.65%), and $1.43M by 2050 (+1,736.23%). All values represent end-of-year price estimates according to our models.”
CC added that asset prices may rise later, and the market may gain momentum beyond 2030.
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Source: watcher.guru
