Bitcoin to explode like Dogecoin in 2021? Bold prediction says it will be life-changing
In a social media X (previously Twitter) post this week, Wertheimer explained that Bitcoin's rise is not just about price, as legacy crypto holders are being replaced by institutions, ETFs and treasuries like Strategy, which are accumulating without regard for past valuations, as reported by Benzinga.
ALSO READ: This little-known stablecoin just surged 337%, and it's turning heads in the business world He highlighted that this move is similar to Dogecoin's explosive 200x rally in 2020–2021, which was when old holders sold early, while new buyers, unaware of past price ceilings, kept accumulating until a sudden supply shock triggered massive upside, according to the Benzinga report. That led to a supply shock and sent Dogecoin increasing from fractions of a penny to $0.70 in 2021, which was a 200x move, as per the report.
Wertheimer emphasised that Bitcoin is not only following the same path, but it is on a much grander scale, according to the Benzinga report.The BTC advocate has cautioned his followers on X that the current consolidation phase isn't the top, it's the reset before liftoff, as per the report. He pointed out that the new institutional buyers, like those through ETF flows like IBIT, are not concerned with technical ceilings, because to them, Bitcoin at $110,000 is still cheap, especially when compared to other asset classes, as reported by Benzinga.According to the report, Wertheimer's base case is entering the first phase of a truly generational bull run, expecting a top of $400,000 by the close of 2025. He warned that just like Dogecoin's old holders missed the bulk of the rally, even today's sidelined Bitcoiners may watch this run from the rearview mirror, unless they act now, as reported by Benzinga.
ALSO READ: AI stocks in bubble trouble - are Nvidia, Microsoft in danger? Economist says it's worse than the Dot-Com crash of 1999 Wertheimer even said that Ethereum will be the biggest loser of this cycle as it will be weighed down by long-term holders and underwhelming performance compared to Bitcoin, according to the report. He also pointed out that Strategy's valuation could reverse Ethereum's, which could lead to a shift in crypto capital concentration, as reported by Benzinga.Why is Udi Wertheimer comparing Bitcoin to Dogecoin?Because both saw early holders sell too soon, while new buyers drove up prices. He thinks Bitcoin is now entering a similar, larger-scale phase, according to the report.
What does Udi Wertheimer think will happen to Bitcoin's price? He predicts a rally that could send Bitcoin to $400,000 by the end of 2025, as per the Benzinga report.
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