Bitcoin Is Predicted To Reach IDR 4 Billion, This Is According To CoinShares Research Chief!

Bitcoin is predicted to rise in the coming years. (Photo; Doc. ZeroCap)

JAKARTA - The head of research from digital asset manager CoinShares, James Butterfill, revealed his latest prediction of Bitcoin (BTC). Unmitigated, Butterfill predicts BTC could break the figure above 200,000 US dollars in the long term.

In an interview with CNBC, Butterfill stated that Bitcoin has the potential to reach a price of 250,000 US dollars (Rp4.05 billion) in the coming years, which means an increase of more than 166% from the current price.

This prediction is certainly interesting to observe, considering that if the price of Bitcoin reaches that figure, Bitcoin's market cap will cover about 25% of the total gold market. That means the market cap BTC is significantly increasing by about 10% from the current number.

However, Butterfill warned that the price achievement would not happen in the near future. "It's really hard to predict the right time, and I don't expect this to happen in 2025. But the direction of price movement will go there," he said.

For this year, Butterfill estimates the price of Bitcoin is likely to experience a correction of up to USD 80.000 (IDR 1.3 billion) and could then peak to around USD 150,000 (IDR 2.4 billion).

At the same time, Butterfill also reminded that the Bitcoin market could experience sharp corrections if US President-elect Donald Trump fails to implement policies that support crypto assets, as the public expects.

On the other hand, Butterfill is optimistic that this year could be a profitable period for Bitcoin thanks to a regulatory environment that is more friendly to digital assets in the US. Many investors see Bitcoin's potential to continue to grow, thanks to policies that are more supportive and positive changes in the government's way of regulating the global crypto industry.