Ben Armstrong, popularly known as “Bitboy” in the cryptocurrency realm, recently shared some fascinating insights regarding the future prices of Bitcoin and XRP during his guest appearance on Tony Edward’s “Thinking Crypto” YouTube show. The once-wealthy influencer provided a thoughtful analysis of the upcoming market trends, offering a blend of optimism and caution for crypto enthusiasts.
“I’ve always been a strong advocate for April Fool’s Day as the starting point for the next bull market next year,” Armstrong remarked to Edward. “It’s a perfect day for a bit of mischief.”
He expressed his belief that the next major Bitcoin (BTC) bull run could kick off on April 1, 2025, with a potential peak occurring between April and the close of June. While he anticipates significant gains for Bitcoin, he urged caution regarding expectations for extreme price levels.
“The price of Bitcoin is not going to exceed $150,000,” Armstrong asserted, suggesting that a peak around $140,000 is a more feasible target. He did acknowledge the potential for a brief spike to $170,000 or $180,000 but remained wary about such possibilities.
“The large institutions and wealthy investors buying during these dips showcase whale accumulation, and many people are left wondering whether the bull run will return… there’s absolutely zero chance the bull run isn’t coming back,” he emphasized.
In relation to Ripple (XRP), Armstrong referenced recent developments that have alleviated regulatory concerns surrounding the cryptocurrency. On August 7, a judge ruled that Ripple must pay a $125 million fine for breaching securities laws linked to XRP sales to institutions.
Armstrong forecasts that XRP could climb to between $8 and $10, a range he considers “almost a slam dunk.” He also speculated on potential catalysts that could elevate XRP’s price even further, such as the launch of an ETF or an initial public offering, although he remains doubtful these events will occur before the current bull run concludes.
His commentary also highlighted the broader market implications, noting that an influx of funds into XRP might divert capital from other cryptocurrencies, particularly impacting Cardano (ADA).
In summary, Armstrong’s predictions blend hope with caution, encouraging investors to maintain realistic expectations while acknowledging the possibility of considerable gains. As the cryptocurrency landscape continues to shift, all eyes will be on Bitcoin and XRP as they embark on the next chapter of the bull run.
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