The Benchmark Company’s analyst, Mark Plamer, anticipates Bitcoin’s value to surge to $150,000 by the conclusion of 2025. Plamer conveyed this projection through an investor note dated April 8, wherein he revised his price objective for MicroStrategy (MSTR) to $1,875, nearly doubling his earlier target of $990.
Plamer’s upbeat outlook regarding MSTR stems from the company’s significant Bitcoin reserves. He predicts that the primary cryptocurrency will reach the $150,000 mark by 2025, emphasizing MicroStrategy’s substantial Bitcoin holdings, which stand to gain from the impending halving event, leading to a reduction in Bitcoin’s supply by half.
Plamer’s new $150,000 Bitcoin target surpasses his previous estimate of $125,000 on February 27. This updated analysis prompted a roughly 27% rally in BTC, influencing Plamer to adjust his price projection upward.
In an interview with Yahoo Finance, the Benchmark analyst highlighted the historical significance of Bitcoin halving events on its price trajectory, citing appreciable price surges following the 2012, 2016, and 2020 halvings due to the resulting supply shock. Plamer anticipates a similar scenario with the upcoming halving, potentially amplified by a surge in demand fueled by anticipated spot Bitcoin ETF products, as institutions increasingly participate in the market.
Plamer’s MSTR stock target prediction also factors in the company’s strategic accumulation of Bitcoin. Under Michael Saylor’s leadership, MicroStrategy has been steadily amassing Bitcoin, with an average purchase price of $35,160. Presently, MicroStrategy holds 214,245 Bitcoins, as per saylortracker data as of April 9.
Plamer foresees this accumulation trend persisting, with MicroStrategy projected to hold approximately 298,246 Bitcoins by the end of 2025, representing a 40% increase from its current holdings. This accumulation is expected to be financed through capital raises and surplus funds from the enterprise software business.
Numerous analysts anticipate a bullish trajectory for Bitcoin post-halving, echoing Plamer’s sentiments. Anthony Scaramucci, founder of Skybridge Capital, anticipates Bitcoin reaching at least $170,000 within 18 months of the halving cycle. Similarly, analysts at Bitfinex project Bitcoin’s price to range between $150,000 and $169,000, albeit noting differences in this halving compared to previous ones, given Bitcoin’s pre-event all-time high.