Do you think it's possible for Bitcoin to reach a price of $288K?

[pakhitheboss]

To all those who have replied to my thread, thank you all for replying. I never knew the forum had so many active community members and some of them are not part of any signature campaigns.

I think Bitcoin price would spike to $100k for sure before this year ends. We already are seeing it doing well after Bitcoin ETFs got approved and the investment started showing up with a small bull run. The demand is still very high due to ETF and with Hong Kong also gearing up for approval this demand would ensure another rally if HK gets its approval. It is just a matter of months before Bitcoin touches its previous ATH. It is time for us to continue holding and accumulating more Satohis.

[Cryptsafe]

It is impossible for the price of Bitcoin to reach 288k within about 10 months, as this means that the price will rise 6 times, even though it took us about two years to return to 50k and more than 13 years to reach 70k.
The best we might see is $100,000 before the end of the year.

I strongly believe that anything that would further increase the price of Bitcoin to that point within this short time interval should be a market demand pressure. That is, if the adoption of Bitcoin goes globally to the point that everyone nation, individuals, organisations etc begins to accept Bitcoin as a means of payment. As you have said, definitely a $100k is achievable as we are still in the early phase of the year.

[Dr.Bitcoin_Strange]

I have come across several articles predicting that the price of Bitcoin will reach $288,000 by December 2024.

I highly disagree with what ever article that is suggesting that Bitcoin will reach even $200k this year. There were also many speculations last year saying that Bitcoin will get to $100k before the end of 2023 but that was not archived, even some people said  Bitcoin will get to $120k before halving which is yet to be seen too. There are usually various speculation by people  but the truth is that no expert can be very accurate to predict what the price of Bitcoin will be in a particular time unless it happens coincidentally. The peak of the bull market is likely to happen next year and they at when we expect Bitcoin to even surpass $100k before we think of expecting $200k.

[vegasus]

Wow.
Isn't this too high a value to achieve at this time? what do you mean for the next bullish era? I'm not sure if it can go that high. If you calculate it, it's usually several times the ATH price compared to the previous ATH. However, the price of Bitcoin is getting bigger and bigger, so it isn't that confident that it can go up that much. It will probably get into the $120k mark or so, but not far from it. So whatever it is, yes I will set some price targets. So that I don't regret missing the moment to take profits.

[dekafee79]

Wow.
Isn't this too high a value to achieve at this time? what do you mean for the next bullish era? I'm not sure if it can go that high. If you calculate it, it's usually several times the ATH price compared to the previous ATH. However, the price of Bitcoin is getting bigger and bigger, so it isn't that confident that it can go up that much. It will probably get into the $120k mark or so, but not far from it. So whatever it is, yes I will set some price targets. So that I don't regret missing the moment to take profits.

   

me too, I doubt if bitcoin will reach $ 288K, But if there are the people that predict bitcoin will reach $ 288K and happens, I will say It's amazing. Because we will gain big profit. I just predict bitcoin will touch $ 150K at ATH.

[I-Bit]

I think it is impossible to see Bitcoin to reach $288k for this bullrun season. It may be reachable for the next bullrun season, it may be in 2028-2029. I think the maximum price to reach for this bullrun season is around $150k - $170k. It is already a high price of Bitcoin in the current bullrun season. We don't forget that Bitcoin needs time to grow, it won't suddenly to be $288k.

[jonathancool220]

I think it is impossible to see Bitcoin to reach $288k for this bullrun season. It may be reachable for the next bullrun season, it may be in 2028-2029.

There is a problem if we look at 2028 or 2029 because I, you or they will reach our age in 2028? 
This is a sacred story, but no one knows what age is, when we can reach 2028. But the positive thing is that we have to think fundamentally and technically about Bitcoin, which every halving always turns out to be the best in terms of the price of Bitcoin (Pump).

I think the maximum price to reach for this bullrun season is around $150k - $170k.

Many Telegram channels or various groups talk about this price range because maybe the calculation is 5x the price of Bitcoin.
For example, the price of Bitcoin starts from 26,000 USD x 5 = 130,000 USD, or later on the pump will be more than 130,000 USD as you said 150,000 USD.

[kulkhan]

I think it is impossible to see Bitcoin to reach $288k for this bullrun season. It may be reachable for the next bullrun season, it may be in 2028-2029. I think the maximum price to reach for this bullrun season is around $150k - $170k. It is already a high price of Bitcoin in the current bullrun season. We don't forget that Bitcoin needs time to grow, it won't suddenly to be $288k.

We know Everything is possible in crypto market. When what will happen anyone cannot tell. Now bitcoin price is near about $52k and aspected price $288k, it is obviously possible for cryptocurrency market but not now. Now we are entire in bull session bitcoin price will hit new ATH there has no doubt.
I think Bitcoin price will go where we could not imagine. It will go $1000k also, i believe it. But we need to wait for it.

[Stompix]

I have come across several articles predicting that the price of Bitcoin will reach $288,000 by December 2024.

That prediction has been already broken

He referenced both his stock-to-flow, or S2F, and stock-to-flow cross-asset, or S2FX, models, which give an average BTC/USD price forecast of $100,000 and $288,000 during the current halving cycle, set to end in 2024.

He was aiming for an average price of at least 100k for 2020-24, we haven't even reach that number once, forget about average price.
Also, at 288k per coin you're going to need 130 million dollars each day to keep the daily supply demand in balance, as a sidenote ,all of ETfs managed just a bit over 125 millions inflow in the first month!

But as you said, if all this could happen, even when Bitcoin was 5 USD, many people didn't believe that the price of Bitcoin would reach 50 USD.

To raise the price then by $45 you needed 450 million assuming everyone would have sold to cash out!
To raise the price by 45k you would need  just one trillion! 
How many sold when Bitcoin reached $10k and how many are eyeing profit taking in the next bull run?

Percentages can be a pain in the ass depending on how you use them.
Bitcoin increased some 100000%, for sure it can do another 500%, right?
But also, Bitcoin increased in 15 years from 0 to 52k, till 288k it needs to go up 5 times more than it has in the last 15 years! 

[Fivestar4everMVP]

I think it is impossible to see Bitcoin to reach $288k for this bullrun season. It may be reachable for the next bullrun season, it may be in 2028-2029. I think the maximum price to reach for this bullrun season is around $150k - $170k. It is already a high price of Bitcoin in the current bullrun season. We don't forget that Bitcoin needs time to grow, it won't suddenly to be $288k.

We know Everything is possible in crypto market. When what will happen anyone cannot tell. Now bitcoin price is near about $52k and aspected price $288k, it is obviously possible for cryptocurrency market but not now. Now we are entire in bull session bitcoin price will hit new ATH there has no doubt.
I think Bitcoin price will go where we could not imagine. It will go $1000k also, i believe it. But we need to wait for it.

We are not in a bull season yet bud, actually, we are still far from the bull run, the bull run may possibly come into play around October/November this year, and may last till maybe the middle of next year being 2025.

The upward movement of the price of bitcoin is possibly the effect of the approved bitcoin spot ETF, this is the increase that we should have experienced then but didn't happen, so, it's happening now.
$288k dollars is possible for bitcoin to reach even in this coming bull run, but I honestly will not count on it, my price target for bitcoin in the coming bull run is and will remain $120,000, if bitcoin smashes this and goes even far above it, then much more better.

[jonathancool220]

But as you said, if all this could happen, even when Bitcoin was 5 USD, many people didn't believe that the price of Bitcoin would reach 50 USD.

Percentages can be a pain in the ass depending on how you use them.
Bitcoin increased some 100000%, for sure it can do another 500%, right?
But also, Bitcoin increased in 15 years from 0 to 52k, till 288k it needs to go up 5 times more than it has in the last 15 years! 

Yeps, this percentage definitely produces calculations that don't make sense and are considered crazy by myself, but in fact this is true and has already happened in Bitcoin, even though I had to wait 15 years.
288,000 is very correct according to you if the result is 5 times the current price (52,000 USD), only the same as you said the problem is in the money in circulation which is ready to increase the market cap of Bitcoin.

My guess is that maybe around 150,000 USD for 1 Bitcoin is also good because the market cap of Bitcoin rises higher, the bigger the market cap that must be achieved. And where did the money come from?   Should Microsoft move all its money to Bitcoin??

[Stompix]

288,000 is very correct according to you if the result is 5 times the current price (52,000 USD), only the same as you said the problem is in the money in circulation which is ready to increase the market cap of Bitcoin.

Hmm, this thing is different.
I mean Bitcoin has gone from 3 million pesos back last December to 43 million pesos, but nobody got 13 times richer on it.
So if we count inflation into it, we have to go into purchase power, cause for sure I would ump all my coins right now if some alien overlord would tell me yeah, Bitcoin is going to hit $288k but by the time it does $288 k would buy you a pizza!

I really need to look into it, I had a graph that measured the price of BTC inflation adjusted to 2010 but it cuts out in 2021, I really wonder how the numbers look now.

[DAMKAR]

My guess is that maybe around 150,000 USD for 1 Bitcoin is also good because the market cap of Bitcoin rises higher, the bigger the market cap that must be achieved.
~

It's reasonable, if you guess bitcoin will touch around $150K.  Bitcoin will show good movement at this year, It will start from $50K, the next month will touch $60K it will continue until the next year during bullish season.  I predict bitcoin will reach around $ 150K - $ 200K at bullish season.

[Google+]

It's reasonable, if you guess bitcoin will touch around $150K.  Bitcoin will show good movement at this year, It will start from $50K, the next month will touch $60K it will continue until the next year during bullish season.  I predict bitcoin will reach around $ 150K - $ 200K at bullish season.

Currently, many people are talking about the price of Bitcoin, which will reach $60k next month, but I really agree with what you say because so far, market conditions have shown signs of increasing prices again. Hopefully, the price of $200k will be easily reached in the bullish season. which will come later.

[Litzki1990]

Everything has its timing, Bitcoin price may go to the position you mentioned but it is not likely to be fast. Bitcoin is currently standing at $50,000 and this time we expect Bitcoin to break all its past records and touch $70,000. After touching $70,000 we would definitely expect Bitcoin to clear $100,000. So step by step we have to expect and I believe Bitcoin will reach the amount you mentioned but it will take enough time. But the market cannot suddenly go from $50,000 to $200,000, there is pumping and dumping in the market, while pumping and dumping, the price of Bitcoin increases periodically or goes down a bit. We have to wait and surely after a long wait we will see such price of Bitcoin.