The Prediction Of The CEO Of Social CapitalBitcoin Will Reach: Price Of IDR 8 Billion In 2025!

Bitcoin will break the price of IDR 8 billion in 2025 (Photo; Doc. Capital)

JAKARTA - Chamath Palihapitiya, CEO of Social Capital, confidently predicts that the price of Bitcoin could jump to US $ 500,000 (around IDR 8.1 billion) per coin by the end of 2025.

This prediction challenges the conservative views of leading bank analysts like Standard Chartered and Bernstein, who expect that the halving Bitcoin will be an important but more moderate catalyst for price increases in the next 18 months.

According to CryptoPotato information, in a new podcast episode, Palihapitiya reviewed the performance of the price of Bitcoin after each Having event. For example, the price of Bitcoin increased to 7.8 times in 18 months after the third halving in May 2020.

Half, which is a mechanism for reducing Bitcoin supply inflation to half every 210,000 blocks or about once every four years, the theory creates a supply shock that drives price increases.

The fourth Haling Bitcoin, which occurred on April 20, 2024, has reduced the number of Bitcoins published daily from around 900 BTC to 450 BTC. Based on previous post-halving performance patterns, Palihapitiya projects that the price of Bitcoin could reach 497,977 US Dollars (approximately Rp8.07 billion) in October 2025. If using the average performance between second and third half, the price could even increase to 1.14 million US Dollars (approximately Rp18.4 billion).

Palihapitiya highlighted the possibility of adopting double currency standards by more countries, similar to what El Salvador does. These countries will use local currencies for daily transactions and Bitcoin as permanent assets that have residual value. If these predictions come true, Bitcoin will not only replace gold as a store of value, but will also have transactional utility for high-value assets.

Palihapitiya also acknowledged the importance of launching a new Bitcoin ETF, which has 'commercialized Bitcoin' and allows the asset to cross the gap. Based on this year's strong inflow, analysts at Standard Chartered have predicted Bitcoin will reach 200,000 US Dollars (approximately IDR 3.2 billion) by the end of 2025.