30s Summary

John Bollinger, creator of the Bollinger Bands volatility indicator, suggests an upward price move for Bitcoin. The cryptocurrency exceeded the upper limit of Bollinger Bands—a rarity since November—indicating potential for further increase. Various individuals, including Ledn co-founder Mauricio Di Bartolomeo and Bitcoin backer Robert Kiyosaki, predict that Bitcoin could range from $132,500 to $1 million per unit by 2025, lifting its market value up to $15 trillion. Notwithstanding, investors are advised to proceed with caution and do their own research.

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Bitcoin’s price could be headed for a jump, says John Bollinger, the guy who created the Bollinger Bands volatility indicator. He reckons Bitcoin is all set for an upward shift.

So how does it all work? Well, Bitcoin recently hit a record high above $108,000. And it blew past the upper limit of this Bollinger Bands thing. This hasn’t happened since November. If you’re not in the loop, the Bollinger Bands indicator kind of predicts price ranges and volatility based on standard deviation and a simple moving average.

Coincidentally, in the past few days, the Bitcoin price has touched the upper band of the Bollinger Bands. Some folks believe this could be a sign that Bitcoin might do a U-turn back to the center band, or it could mean that Bitcoin’s price could suddenly shoot up. Recent signs make it seem like the second scenario might play out.

Bollinger himself said, “Bitcoin BTCUSD giving a Bollinger Band tutorial… A classic Bollinger Band Squeeze leads to a walk-up the upper band.”

So what does all this mean for Bitcoin’s future? Well, if Bitcoin keeps on this upward trend, some people are making wildly optimistic price forecasts for it by 2025 and beyond.

Take Mauricio Di Bartolomeo, the co-founder of Ledn. He thinks Bitcoin’s value, measured in gold, will keep increasing, hitting 50 ounces of gold for each Bitcoin. At today’s rates, that would put Bitcoin’s price at around $132,500. He’s expecting more finance experts to start telling their clients to put Bitcoin in their portfolios, too.

Then there’s Robert Kiyosaki, who’s been a major Bitcoin backer since 2017. He thinks Bitcoin could go up to $350,000 by 2025. Meanwhile, Perianne Boring, from The Digital Chamber, is predicting a whopping $800,000 Bitcoin price based on the stock-to-flow model. If that happens, Bitcoin’s total market value could jump from its current $2 trillion to about $15 trillion.

PlanB, the person who came up with the stock-to-flow model, is projecting an average Bitcoin price of around $500,000 across 2025. But, they reckon it could go as high as $1 million.

Remember, though, investing in anything is risky. Always do your own research and think carefully before rushing in with your cash.