Every week seems to bring a new Bitcoin price prediction — from Robert Kiyosaki’s $250,000 target to Michael Saylor’s calls for multi-million-dollar valuations. But while many forecasts lean on optimism, Stacks co-founder Muneeb Ali offers a more measured and perhaps more realistic view.
In an interview with TheStreet Roundtable, Ali said there is “a high chance, maybe 80% that we see a new Bitcoin all-time high for this cycle before the end of the year.”
Bitcoin is currently trading at $104,790, up 2.3% in the past 24 hours, according to Kraken. The leading cryptocurrency has climbed 11.7% in the last two weeks and 24.6% over the past month, suggesting that even if the top isn’t in yet, investor confidence is clearly returning.
Ali’s forecast is rooted in Bitcoin’s four-year halving cycle, a key event baked into the cryptocurrency’s code. Approximately every four years, the reward for mining Bitcoin is cut in half, which reduces the supply of new coins entering the market. Historically, this halving has triggered powerful rallies, often culminating in fresh all-time highs within 12 to 18 months.
According to Ali, “If you look at the previous models and apply them to today, they predict another run-up, another big all-time high," adding that the peak could land “somewhere around $150,000 to $200,000.”
'Every year is different,' says Ali
Still, Ali acknowledges the crypto market doesn’t always follow a script.
“Every year is different,” he said, outlining three possible outcomes for Bitcoin this cycle: a surge to new highs, a slower “super-cycle” grind with gradual gains, or the possibility that Bitcoin’s prior peak already marked the top.
“It’s entirely possible that the all-time high has already passed… It’s entirely possible that we enter some sort of a super cycle where Bitcoin just slowly keeps increasing in value,” he added.