There are some huge swings in the crypto market right now, and the question for investors is: what could happen next with Bitcoin? Experts seem to disagree here. But will the price go to $50,000 or $1.5 million?
Expert predicts: Bitcoin drops to $50,000
The Bitcoin price briefly fell below the $90,000 mark in recent hours, leaving many investors fearful of a potentially stronger correction in the cryptocurrency. But so far there has been no setback and the price has recently recovered significantly. However, some experts remain skeptical and warn of a crash that could follow.
A prominent example is Peter Brandt, an experienced trader, successful author and highly regarded technical analyst. He recently warned on X (formerly Twitter) that Bitcoin could see a correction to around $50,000. When it came to meme and altcoins, the expert was even more pessimistic, predicting a crash of as much as 90 to 100 percent.
I say this after experiencing markets for fifty years. Some will do great from now on. But too many fools will exert too much influence, miss the top and be blown away in the next 50% correction in BTC, 90% correction in altcoins, 100% correction in memes https://t.co/o33Jnq4IHz
— Peter Brandt (@PeterLBrandt) January 6, 2025
Brandt bases his argument primarily on the statement that Bitcoin has experienced such growth in recent years that it is extraordinary and probably not repeatable. The return expectations of many investors are therefore excessively high and risk management is inadequate. As a result, the analyst expects that the many leveraged investors in particular could be misled.
But despite these short-term developments, Brand remains optimistic about the digital currency in the long term and sees a rise to $234,000 as realistic after the massive correction he predicts. This would represent an increase of 148 percent from current levels.
The majority of analysts are positive: $1.5 million in 2035
However, some analysts see no need for a correction for Bitcoin and are considerably more optimistic than Peter Brandt. Expert Timothy Peterson, for example, is particularly optimistic. He had already attracted attention in the past with correct predictions about the development of Bitcoin.
Specifically, Peterson now expects the price of Bitcoin to rise to $1.5 million by 2035, which would be a price growth of 1,495 percent. The reason for this is the analyst’s own created network model, which indicates continued extreme growth for the mother of all cryptocurrencies.
The year is 2035. Bitcoin is at – and you can hold me to that – $1.5 million. And somewhere, someone is wondering, “Is now a good time to buy Bitcoin?” pic.twitter.com/BmuQnqlOSt
— Timothy Peterson (@nsquaredvalue) January 8, 2025
But even in the short term, some market observers are very optimistic about the cryptocurrency’s development. Even on Wall Street, experts such as strategist Tom Lee of Fundstrat or the analyst firm Bernstein predict prices of $200,000 for Bitcoin this year. If this prediction is correct, the current bull market is likely far from over.
Accordingly, it may be worth taking a look at coins outside the mainstream, as in the final bull phase of 2020/2021, smaller projects like Memecoins especially stood out as real sources of returns for investors. For example, the price of Dogecoin rose by several thousand percent within a few months. Such developments could also be possible in 2025.
Even now this coin can be exciting
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Grinding. Stacking. Focused on the green. 🐸 ⚔️ pic.twitter.com/W0MbgCIoaL
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