Bitcoin bulls are again, and so they’re making excessive claims. | Credit score: CCN
Key Takeaways
Morgan Stanley’s filings to launch Bitcoin and Solana ETFs mark a big step by a significant U.S. financial institution into crypto markets.
Outstanding Bitcoin advocates are doubling down on aggressive upside projections.
Regardless of rising optimism, skeptics warning that Bitcoin may face a pointy imply reversion.
Bullish forecasts for Bitcoin are gaining momentum as Morgan Stanley pushes deeper into digital assets, submitting to launch crypto exchange-traded funds (ETFs) at a time when investor inflows into U.S. spot BTC ETFs are accelerating.
The Wall Road financial institution’s transfer has added gasoline to already optimistic value calls from outstanding buyers, together with famously bullish Mike Alfred, who this week predicted it may climb as excessive as $315,000.
Morgan Stanley has filed with U.S. regulators to launch exchange-traded funds linked to Bitcoin and Solana (SOL), in accordance to regulatory filings reported by Reuters, marking the primary main push into crypto ETFs by a big U.S. financial institution.
The filings underscore a broader shift by conventional monetary establishments towards digital property.
Morgan Stanley expanded crypto entry to all shoppers in October, whereas Financial institution of America has stated its wealth advisors shall be in a position to advocate crypto allocations starting in January.
Regulatory developments have additionally helped speed up adoption.
In December, the Workplace of the Comptroller of the Forex cleared U.S. banks to act as intermediaries in crypto transactions.
In opposition to that backdrop, Mike Alfred, a long-time BTC investor, stated Bitcoin may surge to $315,000, including to a sequence of more and more aggressive forecasts.
In current posts on X, Alfred dismissed early-year value strikes as “noise,” outlining near-term targets that included Bitcoin above $180,000 and ether at $6,000, alongside beneficial properties in different digital and conventional property.
Mike Alfred stays bullish on Bitcoin | Supply: X
Alfred’s newest feedback comply with a Christmas Day submit by which he went additional than common, pledging to promote his whole Bitcoin holdings and delete his X account if BTC fails to attain $1 million by Dec. 31, 2033.
“You solely stay as soon as, and I feel it’s necessary to take a stand, consider in one thing, and put your cash the place your mouth is,” Alfred wrote on the time.
Days later, he reiterated his optimism, arguing that a lot of the current promoting strain had already performed out.
In a Dec. 27 submit, he stated merchants he described as “the worst” he knew had rotated out of Bitcoin into silver.
Alfred’s views echo a broader wave of bullish Bitcoin predictions from outstanding figures throughout the crypto and funding panorama.
Fundstrat’s Tom Lee has repeatedly stated Bitcoin may rise above $200,000 over the long run, citing easing monetary circumstances and rising institutional demand.
Michael Saylor, govt chairman of Technique, has lengthy argued that Bitcoin’s value may finally exceed $1 million,
In the meantime, Samson Mow, chief govt of Pixelmatic, has also backed a seven-figure valuation.
“Since stepping into Bitcoin, what I’ve persistently discovered is that every little thing all the time occurs quicker than I anticipate,” Mow wrote in a March submit on X, including that his fashions level to BTC reaching $1 million by 2031.
Nonetheless, not everybody shares a bullish outlook.
Bloomberg Intelligence analyst Mike McGlone warned that Bitcoin may fall back toward $10,000, arguing that lots of the forces that powered its previous rallies have already performed out.
“I like and respect Michael Saylor,” McGlone stated, referring to the Technique chairman whose agency has been one in every of bitcoin’s largest company consumers.
McGlone additionally argued that Bitcoin’s shortage narrative has been weakened by the fast progress of the broader crypto market.
“There have been zero cryptocurrencies in 2009. Now there are roughly 28 million listed,” he stated, including that he expects bitcoin to “revert again towards $10,000.”
CCN analyst Victor Olanrewaju believes that Bitcoin’s current value strikes have been combined.
“Bitcoin’s value lately broke above the higher trendline of a symmetrical triangle on the every day chart,” Olanrewaju said, marking “a transparent shift from the technical setup of final week.”
The breakout was accompanied by a transfer above a significant resistance stage.
“Following this transfer, the value breached a key resistance stage at $91,483,” he stated, noting that the rally occurred alongside rising shopping for strain.
If the present momentum persists, he stated Bitcoin may proceed larger within the close to time period.
“…Bitcoin may quickly rally towards $98,139,” he stated, including that “in a extremely bullish crypto market, the value would possibly even goal $103,518.”
Nonetheless, Olanrewaju cautioned that the breakout should maintain to keep away from a pullback.
“Failure to maintain this breakout may lead to a reversal,” he stated. “In that bearish state of affairs, Bitcoin would possibly slide again beneath the $85,000 assist zone.”
On the time of reporting, Bitcoin was buying and selling at round $$90,097, down over 2% previously 24 hours.
Bitcoin is presently nearly 30% underneath its all-time excessive of $126,198, which it reached in October 2025.
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