With a pro-crypto American presidency on the horizon and increasing institutional investment, bitcoin’s future price trajectory is a hot topic.
Roundtable anchor, Rob Nelson, hosted a panel featuring Caitlin Long, CEO of Custodia Bank; Kelly Kellam, Director at BitLab Academy; and Armando Pantoja, investor and futurist, to discuss predictions for bitcoin’s price in the coming year.
Caitlin Long shared a bullish outlook, tying bitcoin’s price movements to its historical cycles. “We are in the bull market phase,” she explained, adding that price growth often accelerates around U.S. presidential elections. “It’s going to continue through 2025 most likely,” Long predicted, while distancing current gains from political influence, such as former President Trump’s recent claims.
Kelly Kellam offered a detailed range, projecting bitcoin could reach $220,000 to $240,000 by late 2024, with peaks potentially hitting $380,000. “Every price point creates another incentive for a different seller to sell,” Kellam noted, emphasizing the cyclical nature of hype-driven markets. He also forecasted a possible pullback in mid-year, cautioning investors about market volatility.
Those bullish takes echo what other crypto analysts have also said about bitcoin’s potential — particularly if President Trump and Congress can make good on creating a US Strategic Bitcoin Reserve.
Rob Nelson introduced insights from Brandon Green of Bitcoin Magazine, who predicted bitcoin could soar to $1.5 million within 18 months. While acknowledging the optimism, Armando Pantoja provided a tempered perspective. “This is the first time we’ve had ETFs and mass institutional involvement,” Pantoja said, but emphasized that retail participation would be crucial for bitcoin to achieve seven-figure prices.
Pantoja highlighted a potential psychological barrier for retail investors as bitcoin’s price rises, suggesting denominating bitcoin in smaller units, like Satoshis, could make entry points more appealing. “People would say, ‘Wow, it’s only a cent, I can buy a thousand of them,’” he said, adding that this psychological shift could fuel momentum toward a $1 million valuation.
Despite differing predictions, the panelists agreed that bitcoin’s trajectory remains “up and to the right.” As Pantoja succinctly concluded, “The absolute highest this cycle is half a million, but more realistically, I think $250,000 to $300,000 is where we’ll land next year.”
