Crypto Insider: "Bitcoin to $1 Million in 5 Years" & Ethereum Price Prediction

Market Outlook & Price Predictions - CEO of Bitget is very bullish on Bitcoin and Ethereum, as well as other altcoins [7] - Bitcoin could reach $150,000, with a high expectation of $180,000 and a lower estimate of $120,000 in 2025-2026 [23] - Ethereum's price could reach $3,500, potentially $5,000 if Bitcoin hits $150,000 [32][33] - Bitcoin price is highly related to M2 supply; if M2 supply continues to rise, the industry remains bullish [9][21][44] - Bitcoin price may not go lower than $60,000 or $70,000 anymore [18] - Bitcoin to a million dollars in 5-10 years [60] Institutional Adoption & Market Dynamics - US president is backing Bitcoin and crypto in general, making the environment crypto-friendly and clearing hurdles for mass adoption [8] - Bitcoin is becoming more US-focused and institutionally driven, with institutions like endowment funds and pension funds holding Bitcoin [16][17] - The shift towards institutional adoption occurred in 2024 after ETF approval in the US [18] - Bitcoin is part of the national strategic reserve in the US and other countries like Czech Republic and Germany [24] Altcoin Analysis & Strategies - Ethereum has potential due to stable coin regulation and adoption, with USDT and USDC transactions primarily on the Ethereum blockchain [30][32] - Solana is better in terms of transaction time, user experience, and DeFi adoption, but Ethereum is preferred by institutions for stable coin transactions due to compliance and security [39][40] - Considers Ethereum, Solana, and XRP as top altcoins due to strong narratives, US related factors, and ETF approval [49] - Profit-taking strategy involves monitoring price indicators like the 300-day moving average and decreases in M2 supply, with a roughly two-month lag between M2 supply changes and Bitcoin price movements [44][45] Potential Risks & Challenges - A significant drop in M2 supply could lead to a bearish market [21] - Uncertainty about whether future administrations will honor current crypto-friendly decisions [55] - The failure of a major player in exchanges, stable coins, or public chains could significantly impact the industry [57]