The Benchmark Company analyst Mark Palmer anticipates that Bitcoin’s price will reach $150,000 by the end of 2025.
This projection surpasses Palmer’s previous forecast from February 27, where he predicted the price would reach $125,000 in the same period.
Optimism Over Bitcoin’s Post-Halving Prospects
Analyst Palmer noted on April 8 that Benchmark raised its MicroStrategy (MSTR) price target to $1,875, nearly doubling its previous target of $990 while maintaining its buy rating.
Palmer’s optimism regarding MSTR comes from the company’s substantial holdings in Bitcoin. He anticipates that the top cryptocurrency by market cap will reach a price of $150,000 by 2025. Palmer highlighted the potential benefits of MicroStrategy’s significant Bitcoin holdings, particularly in light of the upcoming halving event, which will reduce the supply of BTC by half.
In an interview with Yahoo Finance, Palmer emphasized the historical significance of Bitcoin halving events on BTC prices. He p
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