Bitcoin’s $100K Breakthrough: When, Not If – The buzz around Bitcoin hitting six figures is getting louder. Many predictions say it’s not a question of if, but when. By the start of 2025, Bitcoin could be well above $100,000, with some experts betting on even higher numbers.

Bold Predictions for Bitcoin

A betting platform, Kalshi, puts the odds of Bitcoin reaching $100,000 or more by Dec. 31, 2024, at 85%. There’s even a 9% chance it could hit $150,000 and a slim chance of going all the way to $250,000. The median forecast? Bitcoin landing at $125,000 by the end of this year.

These numbers are catching attention. Trading resource The Kobeissi Letter called the predictions “wild” and suggested Bitcoin’s market cap could reach $2.5 trillion by January 1.

Bitcoin’s Surge in 2023

This year, Bitcoin has been on fire. In November alone, it’s up nearly 40%, and for the fourth quarter, it has climbed 55%, according to CoinGlass. These gains make 2023 one of Bitcoin’s best years, rivaling its record-breaking performance from 2020.

Bitcoin’s growth hasn’t slowed much. After surpassing its previous all-time high in March, it hasn’t seen a major price pullback. But some analysts warn that a retracement might be necessary to build stronger support for future growth.

The Big $100,000 Barrier

The $100,000 mark remains a critical psychological milestone for Bitcoin. It’s not just retail investors eyeing this number—institutions are heavily involved too. Since Bitcoin exchange-traded funds (ETFs) launched, they’ve been absorbing the majority of coins sold by long-term holders (LTHs).

According to Glassnode, a blockchain analytics firm, ETFs have taken in over 90% of the sell-side pressure from long-term holders. But as Bitcoin’s price rises, more of these long-term investors are cashing out, putting temporary pressure on prices.

Despite this, ETFs are thriving. Over the five trading days ending Nov. 22, U.S.-based ETFs saw their best inflows since launch, pushing their total assets under management above $100 billion.

Looking Ahead

Bitcoin is already up 40% this quarter, and prediction markets are confident in its upward trajectory. With institutional inflows battling profit-takers and ETFs driving demand, Bitcoin’s climb to six figures seems closer than ever.

Whether you’re a seasoned investor or just watching from the sidelines, one thing is clear: the crypto world is bracing for a wild ride.