Mark Plamer, an analyst at The Benchmark Company, has projected Bitcoin‘s price to soar to $150,000 by the end of 2025, driving considerable anticipation in the market. Plamer’s insights surfaced in an investor note dated April 8, wherein he revised his price target for MicroStrategy (MSTR) to $1,875, a nearly twofold increase from his previous projection of $990.
Plamer’s bullish outlook for MSTR hinges on the company’s substantial Bitcoin holdings. He anticipates the flagship cryptocurrency’s value to ascend to $150,000 by 2025. Plamer highlighted the advantageous position of MicroStrategy’s extensive Bitcoin holdings, particularly in light of the upcoming halving event, which will slash Bitcoin’s supply by half.
The $150,000 price forecast for Bitcoin exceeds Plamer’s earlier prediction of $125,000 on February 27. Notably, following this analysis, BTC witnessed an approximate 27% rally, prompting the analyst to raise his price target.
In an interview with Yahoo Finance, Plamer emphasized the historical precedent of Bitcoin halving events propelling significant price surges. He pointed to the instances in 2012, 2016, and 2020, where halvings were followed by substantial price appreciations due to the ensuing supply shock.
Furthermore, Plamer anticipates the forthcoming halving to trigger a similar surge, potentially amplified by increased demand stemming from spot Bitcoin ETF products as institutional involvement in the cryptocurrency space deepens.
Another factor underpinning Plamer’s projection for MSTR’s stock target is the company’s strategic accumulation of Bitcoin. Led by CEO Michael Saylor, MicroStrategy has consistently amassed Bitcoin at an average price of $35,160. As of April 9, MicroStrategy reportedly holds 214,245 Bitcoins.
Plamer anticipates MicroStrategy’s Bitcoin accumulation strategy to persist, estimating that the firm will hold around 298,246 Bitcoins by the end of 2025, representing a 40% increase from its current holdings. This acquisition is expected to be financed through capital raises and surplus cash from the company’s enterprise software business.
Plamer’s optimistic sentiments towards Bitcoin are echoed by Anthony Scaramucci, founder of Skybridge Capital, who anticipates Bitcoin to reach at least $170,000 within the 18-month post-halving cycle. Similarly, analysts at Bitfinex project a Bitcoin price range between $150,000 and $169,000, attributing the bullish outlook to the unique dynamics of this halving event.
