Ben Armstrong, widely known as “Bitboy” in the cryptocurrency community, recently made some intriguing predictions about the prices of Bitcoin and XRP during an appearance on the latest episode of Tony Edward’s “Thinking Crypto” YouTube show.
The former millionaire influencer outlined his views on upcoming market dynamics, offering both hope and caution to cryptocurrency enthusiasts.
“I have been a big believer in April Fools’ Day [for] “There’s going to be a bull market next year,” Armstrong told Edward. “I think it’s a great day to do stupid things.”
Armstrong emphasized his belief that the next significant Bitcoin (Bitcoin) The bull market could start on April 1, 2025 and potentially peak between April and late June.
Bitcoin will see substantial gains, but he cautions against expecting extreme highs, he explained.
“Bitcoin is not going to break $150,000,” Armstrong said, suggesting that a peak of $140,000 is a more realistic target. He acknowledged the possibility of a temporary surge to $170,000 or $180,000, but was cautious about such outcomes.
“Institutions and people with a lot of money that are buying during these times, during these dips, you see whale accumulation and people say, ‘I don’t know if bull runs will come back’… there’s zero percent chance that the bull run won’t come back,” he said.
BitBoy: $8-$10 range for XRP is ‘almost a safe bet’
Regarding Ripple (XRP), Armstrong cited recent developments that have clarified the regulatory uncertainties surrounding cryptocurrency. On August 7, a judge ruled that Ripple must pay a fine of $125 million for violating securities laws by selling XRP to institutions.
Armstrong predicts that XRP could reach between $8 and $10, a range he considers “almost certain.” He also speculated on possible scenarios that could push the price of XRP even higher, such as the introduction of an ETF or a initial public offeringalthough he remains skeptical that these events will materialize before the end of the current bullish cycle.
Armstrong’s thoughts also touched on the broader market impact, noting that funds flowing into XRP could detract from the value of other cryptocurrencies, such as Cardano (ADA) being potentially one of the most affected.
In conclusion, Armstrong’s predictions offer a mix of optimism and caution, urging investors to set realistic expectations while also recognizing the potential for significant gains. As the cryptocurrency market continues to evolve, all eyes will be on Bitcoin and XRP as they navigate the next phase of the bullish rally.
To watch the full video, see below:
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