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Recently, the Crypto Assets market has sparked much discussion and prediction. Several analysts hold different views on the future performance of Bitcoin, providing investors with a diversified market outlook.
Crypto Assets expert Rekt Capital made an interesting point. He believes that if Bitcoin's market cycle continues the pattern of 2020, the market may peak this October. This timing happens to be exactly 550 days after the Bitcoin halving event in April 2024.
At the same time, financial institutions are optimistic about the prospects of Bitcoin. Notable investment banks Bernstein and Standard Chartered have set a target price of $200,000 for Bitcoin by the end of this year. In contrast, 10x Research analyst Markus Thielen has provided a relatively conservative prediction, stating that the price of Bitcoin may reach $160,000.
It is worth noting that renowned analyst Tom Lee remains highly optimistic about the long-term prospects of Bitcoin. Despite other analysts lowering their expectations, Lee still insists that Bitcoin could reach a high of $250,000 by 2025.
These predictions reflect the differing views of the market on the future trend of Bitcoin, and also highlight the high uncertainty of the Crypto Assets market. Investors need to consider multiple factors comprehensively when making decisions and keep a close watch on market dynamics.