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Jakarta, Pintu News – Predictions that the price of Bitcoin (BTC) could skyrocket to $250,000 by 2026 are making a comeback in the crypto world, fueled by optimistic projections from industry founders and long-time digital asset advocates.
However, the target was met with a lot of pushback from critics who argued that the current market conditions made the prediction highly unrealistic.
According to a recent report from Bloomberg, Tom Lee of Fundstrat-who is known as one of the most optimistic analysts on Bitcoin-still believes that Bitcoin price will recover and reach a range between $150,000 to $200,000 by the end of January.
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This optimistic outlook is in line with the expectations of a number of other big players who foresee a big surge in the next few months, despite Bitcoin currently being mired in a bear market.
In April, Cardano founder Charles Hoskinson told CNBC that the price of Bitcoin could reach $250,000 by 2026, especially if tech giants like Microsoft and Apple start increasing their exposure to digital assets.
Hoskinson mentioned that the influx of large funds from the balance sheets of major corporations into crypto could “accelerate the rate of growth of Bitcoin much faster than many people expect.”
However, not everyone agrees. Crypto commentator Jacob King recently returned to criticize Hoskinson’s views, calling them a “fantasy.”
“Cardano’s founder claims that Bitcoin will reach $250,000 by 2026. That’s not going to happen,” he wrote. “Price targets like this, which always appear without any clear basis, show how deeply this market is still caught up in delusions.”
King added that investors are still overly optimistic despite clear signs of weakness.
“This bear market hasn’t even really started yet, but people are still addicted to ‘hopium’ instead of facing reality,” he wrote.
With a very mixed response, CCN finally asked ChatGPT and Grok for a new take.
When asked about the possibility of Bitcoin reaching $250,000 in 2026, ChatGPT gave a cautious view.
“To reach the $250,000 mark requires stable capital flows and a risk environment that currently still looks volatile,” he explained. “While long-term growth is possible, the timeframe put forward by many commentators seems too aggressive.”
ChatGPT also added that the latest volatility reflects the fragile state of global markets.
“Macro uncertainty is still the dominant factor. Until liquidity conditions improve, price targets of this magnitude should be viewed as speculative,” the AI said.
Elon Musk’s AI assistant, Grok, gives a sharper and more blunt assessment.
“Throwing out a $250,000 price prediction is good for media attention, but not for serious analysis,” he said. “Bitcoin is not a slot machine that can spit out a six-figure jackpot on demand.”
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Grok also casts doubt on claims that big tech companies will be the main drivers of the next price surge.
“Microsoft and Apple are not going to suddenly pour billions of dollars into Bitcoin just to fulfill the dreams of crypto enthusiasts at X,” he added. “People keep confusing hope and real possibility.”
However, the chatbot acknowledges that Bitcoin could experience unexpected spikes.
“Crypto likes to surprise everyone – but betting on a quarter of a million dollars in the next year or two seems more like wishful thinking than a rational prediction.”
At the time of this report, Bitcoin price is hovering around $86,220, down 10% in the past week.
On Friday, CCN analyst Valdrin Tahiri wrote in a report that Bitcoin’s big drop “since its all-time high almost ensures that the price is now in a bear market.”
Tahiri mentioned that the reasons behind Bitcoin’s current price decline are “weakening momentum, technical failures in BTC and MSTR, and growing concerns that the peak of the cycle may have already passed.”
“Until Bitcoin shows clear reversal signals, traders should prepare for the possibility of the price hitting a new low before any real recovery,” he wrote.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
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