According to David Bailey, CEO of Nakamoto, a Bitcoin holding company, Bitcoin’s price is expected to soar to $150,000 once two significant Bitcoin whales finish selling their holdings.
Bailey emphasized on social platform X that these two massive whales are the primary reason Bitcoin hasn’t yet reached the $150k mark.
“The only reason we’re not at $150k right now is two massive whales,” stated Bailey.
“Once they’re defeated (one whale down, one halfway there)… the market can only go up.”
Bitcoin’s Potential 36% Rally to 150,000 USD
The anticipated rise to $150,000 presents about a 36% increase from Bitcoin’s current trading price of approximately $110,240, as per CoinMarketCap data.
Bitcoin whales, typically individuals or institutions with substantial Bitcoin holdings, influence market movements significantly. Market participants closely watch whale actions due to concerns over potential sell-offs impacting Bitcoin price dynamics.
Recently, several large whale sales have created market ripples. For instance, on August 24, a whale offloaded 24,000 BTC valued around $2.7 billion, causing a swift market crash that wiped out close to $500 million in leveraged positions within minutes.
Analysts Predict Even Higher Price Targets by Year-End
Earlier, on August 21, a long-term Bitcoin whale transitioned approximately $4 billion worth of Bitcoin into Ether via decentralized exchange Hyperliquid.
This volatility impacted the Crypto Fear & Greed Index, plunging it into a “Fear” zone briefly before settling at a “Neutral” reading of 49.
Several experts foresee Bitcoin surpassing $150,000 before the year concludes.
Galaxy Digital’s head of firmwide research, Alex Thorn, anticipates Bitcoin reaching between $150,000 and $180,000 in 2025.
Prominent figures like BitMEX co-founder Arthur Hayes and Fundstrat co-founder Tom Lee project Bitcoin could even hit $250,000 by the year’s end.
