Bitcoin ‘too expensive’ for retail, threatens to end bull market cycle

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Bitcoin is becoming progressively unattainable for mean investors, raising questions astir whether the existent bull marketplace tin prolong its momentum beyond the accepted four-year cycle.

Crypto marketplace quality institution 10x Research suggested Bitcoin (BTC) is becoming excessively costly for sustained retail purchases, a improvement that whitethorn endanger the predicted hold of the existent bull marketplace cycle.

Despite galore calls for an extended marketplace cycle, drafting connected the conclusions of the 4 erstwhile marketplace cycles is “highly questionable,” according to 10x.

“Bitcoin is suffering from diminishing returns,” the institution stated successful a Tuesday report, adding:

“While galore presumption this arsenic a earthy motion of maturity, it raises deeper questions astir the validity of the alleged Bitcoin rhythm theory.”

Considering that Bitcoin is only a 16-year-old asset, drafting “firm statistical conclusions” from this abbreviated clip is “highly questionable,” added 10X Research.

Bitcoin whitethorn spot $125,000 rhythm top, contempt stock-to-flow exemplary forecasting $1 cardinal BTC

Despite galore fashionable forecasting models, specified arsenic the fashionable stock-to-flow model, which has been wide cited arsenic predicting a Bitcoin surge to $1 million, 10x Research’s methodology projected a rhythm apical of $125,000 for the extremity of the year.

The probe steadfast utilized a akin methodology to correctly forecast the carnivore marketplace bottommost that occurred successful October 2022.

10x’s terms people is humble compared to predictions from different manufacture insiders.

Standard Chartered’s planetary caput of integer assets research, Geoff Kendrick, predicted a Bitcoin terms of $200,000 for the extremity of 2025, arsenic the grounds $19 cardinal liquidation event whitethorn crook into a buying accidental for investors, helium told Cointelegraph during the 2025 European Blockchain Convention successful Barcelona.

In a February interview, Kendrick predicted that Bitcoin could surge to $500,000 by the clip Trump concludes his 2nd word successful 2028, Cointelegraph reported.

The industry’s astir palmy traders, tracked arsenic “smart money” traders connected Nansen’s blockchain quality platform, are besides seeking expanding Bitcoin exposure.

Binance-native Bitcoin (BTCB) was the 11th most-held token by astute wealth traders connected Tuesday, pursuing immoderate much speculative memecoin holdings specified arsenic the Pump.fun (PUMP) token and the Pepe (PEPE) memecoin, information from Nansen shows.