Ben Armstrong, widely known as “Bitboy” in the cryptocurrency community, recently made some intriguing predictions regarding 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 the upcoming market dynamics, offering both hope and caution to crypto enthusiasts.
“I’ve been a big believer in April Fool’s Day [for] this bull market next year,” Armstrong told Edward. “I think it’s a great day for some tomfoolery.”
Armstrong emphasized his belief that the next significant Bitcoin (BTC) bull run could commence on April 1, 2025, potentially peaking between April and the end of June.
Bitcoin will experience substantial gains but warns against expecting extreme highs, he explained.
“The price of Bitcoin is not going to go over $150,000,” Armstrong stated, suggesting that a peak of $140,000 is a more realistic target. He acknowledged the possibility of a temporary spike to $170,000 or $180,000 but remained cautious about such outcomes.
“The institutions and the people with big money that are buying during these times, during these dips, you see the whale accumulation and people are like ‘I don’t know if the bull runs coming back’ …there’s zero percent chance the bull run is not coming back,” he said.
BitBoy: $8-$10 range for XRP is ‘almost a slam dunk’
Regarding Ripple (XRP), Armstrong cited recent developments that have cleared regulatory uncertainties surrounding the cryptocurrency. On Aug. 7, a judge ruled that Ripple must pay a $125 million fine for violating securities laws from XRP sales to institutions.
Armstrong predicts that XRP could reach between $8 and $10 — a range he considers “almost a slam dunk.” He also speculated about potential scenarios that could drive XRP’s price even higher, such as the introduction of an ETF or an initial public offering, though he remains skeptical about these events materializing before the end of the current bull run.
Armstrong’s insights also touched on the broader market impact, noting that funds flowing into XRP could detract from other cryptocurrencies, with Cardano (ADA) potentially being one of the hardest hit.
In conclusion, Armstrong’s predictions offer a mix of optimism and caution, urging investors to set realistic expectations while 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 bull run.
For the full video, see below:
Tổng hợp và chỉnh sửa: ThS Phạm Mạnh Cường
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