Bitcoin to $150K? 🤑 Edwards Says It’s a ‘Very Quick’ Hop, Skip, and a Jump!

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Well, butter my biscuit and call me a hodler! 🥞💰 Bitcoin’s about to go on a wild ride, according to the wise and slightly eccentric Charles Edwards of Capriole Investments. He reckons the magical internet money could soar to a whopping $150,000 before 2025 is out. Why? Because investors are flocking to it like pigeons to a discarded pie, alongside that old reliable, gold. 🪙✨

In a chat with CryptoMoon at the Token2049 shindig in Singapore, Edwards declared that Bitcoin’s leap over the $120,000 mark could lead to a “very quick” breakout to $150,000. “Wouldn’t surprise me one bit if we hit $150,000 faster than a wizard saying ‘Abracadabra’,” he quipped. “We just need to break out of this $120,000 range, and Bob’s your uncle. Could happen in days!” 🧙♂️⏳

Bitcoin’s been on a bit of a tear lately, rising over 6% in the past week and reclaiming the $118,500 mark for the first time since Aug. 15. That’s right, it’s back, baby! 🚀📈

Now, Edwards’ prediction is a tad more conservative than some of his fellow soothsayers, who are throwing around numbers like $200,000. André Dragosch, the big brain at Bitwise Asset Management, reckons that sticking crypto into US 401(k) plans could unleash $122 billion in new capital. Even a measly 1% allocation, he says, could send Bitcoin soaring past $200,000 before the year’s out. 🤑💼

The Four-Year Crypto Cycle: A Self-Fulfilling Prophecy?

Edwards also had a few words about the crypto market’s four-year cycle, which he thinks might be “self-fulfilling.” Apparently, investors are de-risking because they expect it to happen. It’s like everyone showing up to a party because they heard there’d be cake, even if there wasn’t any cake to begin with. 🍰🤷♂️

“But let’s not forget,” he added, “the real driver here is institutional buying. If that dries up, I’ll be eating my hat-and possibly my words.” 🎩🍽️

Edwards’ predictions align neatly with Bitcoin’s historical penchant for bullishness in the last three months of the year. According to CoinGlass, Bitcoin has averaged returns of 20% in October, 46% in November, and 4% in December. It’s like the crypto equivalent of a Christmas bonus! 🎄📈

Other analysts are pointing to technical chart patterns-like the elusive golden cross-that could push Bitcoin to $150,000 in the fourth quarter. CryptoMoon recently reported on this, and let’s just say, the charts are looking spicier than a Discworld dragon’s breath. 🐉🔥

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2025-10-02 13:17