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International Business Times
International Business Times
Business
Marvie Basilan

How High Can Bitcoin Fly This Cycle? Blockchain Pioneer Projects Between $500K And $1M

Bitcoin Adam Back blockchain Donald Trump United States Geoff Kendrick Standard Chartered Crypto
Bitcoin has had a volatile ride in recent weeks amid Trump's trade war. (Credit: Michael Förtsch/Unsplash)

KEY POINTS

  • $BTC was trading below $103,000 as of late Wednesday but is only around 5% off from its all-time high
  • Back suggested it's strange that Bitcoin hasn't skyrocketed as much despite recent positive developments
  • A top Standard Chartered analyst has also said his Q2 price target of $120,000 is 'too low'

Bitcoin has made significant strides since late 2024 following U.S. President Donald Trump's electoral victory, but for a prominent blockchain pioneer and the inventor of the first Proof-of-Work system, the world's first decentralized cryptocurrency can go as high as $1 million this cycle.

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