Bitcoin Price to $315,000? Why This Famed Investor and Bitwise Exec Sees BTC Going 'Parabolic'

Core Insights - A prominent Bitcoin bull predicts a potential price surge to $315,000 if Bitcoin breaks the critical $94,000 level on volume [2][3] - Continued demand from exchange-traded funds (ETFs) is expected to drive Bitcoin's price into a parabolic rise, similar to historical trends seen with gold [4][5] - Despite bullish forecasts, there is a contrasting sentiment among some analysts who believe Bitcoin's price may drop significantly [6] Group 1: Price Predictions - Mike Alfred, a notable crypto investor, emphasizes that breaking the $94,000 level could lead to a price surge to $315,000 [2] - Alfred's previous statements indicate a belief that market sentiment has become overly negative, despite signs of overselling and improving liquidity conditions [3] Group 2: ETF Influence - Matt Hougan from Bitwise highlights that persistent ETF demand could lead to a parabolic price movement for Bitcoin, drawing parallels to gold's price behavior [4] - Since the introduction of Bitcoin ETFs in January 2024, demand has exceeded 100% of new Bitcoin supply, although prices have not yet surged due to existing holders selling [5]