Van Straten believes that Bitcoin has the potential to reach $500,000 during this market cycle.
CryptoSlate Senior Analyst James Van Straten has sparked discussions in the crypto space with his recent tweet, presenting compelling reasons behind his bullish stance on Bitcoin’s future performance.
In a recent tweet post, James Van Straten compared Bitcoin’s current cycle to previous ones, emphasizing its notable outperformance. He noted that when analyzing the peak returns of the 2015-2018 cycle and the 2018-2022 cycle, Bitcoin’s current momentum stands out.
Van Straten’s post on X dated December 24 reads as follows:
“One of the reasons I think #Bitcoin will get to 500k a coin this cycle.
Is it currently outperforming the 2015 to 2018 cycle and the 2018 to 2022 cycle from the low.
The peak of the 2015 to 2018 cycle was 11,000%
While the peak of the 2018 to 2022 cycle was 2,000%.
The ETF will break the diminishing returns this cycle.”
BTC Next Mark at $500K
The peak from the 2015 to 2018 cycle was 11,000%, while the peak from the 2018 to 2022 cycle was 2,000%. Perhaps the ETF will break the diminishing returns of this cycle.
This observation suggests that Bitcoin’s performance in the current market cycle is defying historical patterns, providing a basis for Van Straten’s bullish prediction of $500,000 per Bitcoin.
However, its bullish outlook implies a potential 940% upside from the current trading value of $43,150, according to the Coinpedia report.
Can Bitcoin (BTC) Hit $50,000 in the Last Week of the Year?
The BTC price has been on an upward trend since the beginning of the year. Bitcoin surged 160%, leading to a new yearly high of $44,700 on December 8. The high was reached above the 0.5 Fib retracement resistance level.
However, it is unclear whether BTC has surged since the price closed below the area the next week and then again above it the following week. This movement adds uncertainty about whether the trend is bullish or bearish.
Cryptocurrency traders and analysts have a bullish outlook on the future trend. CredibleCrypto believes that the price of Bitcoin will continue to rise due to the operation between spot and futures buyers. In this reasoning, the increase in spot purchases on Coinbase, the restoration of funding, as well as the decrease in open interest, were highlighted.
One factor that could influence a BTC price increase is the possible approval of a Bitcoin spot ETF by the US Securities and Exchange Commission. Several financial giants have already submitted applications to introduce such a product. type in the United States, BlackRock, Invesco and Fidelity being some examples.
Bitcoin Reverses Gold Market Cap
In a previous tweet, Van Straten made another bold prediction about Bitcoin’s market capitalization.
“My prediction is that Bitcoin will change the gold market cap or we will get very close to it in Q4 2025. About 4000% increase from the cycle low.” he stated.
This forecast implies that Bitcoin could surpass or come close to meeting gold’s market capitalization by the fourth quarter of 2025, which would mark a substantial rise from the current cycle low.
Van Straten’s projections contribute to ongoing discussions about Bitcoin’s role as a store of value and its potential to challenge traditional assets like gold. The cryptocurrency community is eager to witness these predictions unfold as Bitcoin continues to evolve in a rapidly changing financial landscape.
By Audy Castaneda
