Famed Investor Mike Alfred Claims Bitcoin Will Hit $315,000, Harvard Boosts Bitcoin Investment 2-To-1 Over Gold

Core Insights - Bitcoin's long-term bullish narrative has gained optimism with Mike Alfred predicting a price surge to $315,000, following Harvard University's significant increase in Bitcoin exposure [1][3][4] - Analysts have expressed a more cautious outlook due to changing market liquidity and on-chain indicators [2] Mike Alfred's Bitcoin Forecast - Mike Alfred, a technology investor, has set a price target of $315,000 for Bitcoin and $20,000 for Ethereum, suggesting the recent rally marks the start of a new bullish cycle [3] - Alfred believes Bitcoin has not been in a bull market since 2021 and is now entering a "stage 1 uptrend" [3] - He has added long positions and does not anticipate new lows in this cycle, describing bearish forecasts as "bear porn" [4] Harvard University's Investment Strategy - Harvard University increased its Bitcoin holdings from $117 million to $443 million in Q3, while also expanding its gold ETF holdings from $102 million to $235 million [4][5] - This allocation shift indicates that legacy institutions are preparing for currency-debasement risks, with Harvard opting for a 2-to-1 allocation to Bitcoin over gold [6][7] Broader Market Sentiment - Alfred's forecasts align with a trend of optimistic projections from other market participants, including Fundstrat's Tom Lee, who predicts Bitcoin could reach $250,000 soon [8] - Lee also suggested Ethereum could reach $62,000, indicating a belief in its undervaluation [8] - Previous bullish predictions have seen significant increases, with Alfred's forecast rising from $200,000 to $315,000 in less than a month [8]