Bitcoin Bull Run Expected by BitBoy on April 1: A Fool’s Prosperity?
Ben Armstrong, also known as “Bitboy” within the cryptocurrency sphere, shared some intriguing insights on the future prices of Bitcoin and XRP in a recent appearance on Tony Edward’s “Thinking Crypto” YouTube show.
The former millionaire influencer discussed his perspectives on the upcoming market trends, offering a blend of optimism and caution to crypto enthusiasts.
“I’ve been a big believer in April Fool’s Day [for] this bull market next year,” Armstrong mentioned to Edward. “I think it’s a great day for some tomfoolery.”
Armstrong highlighted his belief that the next major Bitcoin (BTC) bull run might kick off on April 1, 2025, with a potential peak between April and the end of June.
While Bitcoin is expected to see significant gains, Armstrong advised against anticipating astronomical highs.
“The price of Bitcoin is not going to go over $150,000,” Armstrong projected, indicating that a peak of $140,000 is a more reasonable target. He did acknowledge the potential for a temporary spike to $170,000 or $180,000 but expressed caution about such scenarios.
“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 emphasized.
When it comes to Ripple (XRP), Armstrong referenced recent developments that have resolved regulatory uncertainties surrounding the cryptocurrency. A judge’s ruling on Aug. 7 mandated that Ripple pay a $125 million fine for securities law violations related to XRP sales to institutions.
Armstrong speculated that XRP could potentially reach between $8 and $10, a range he described as “almost a slam dunk.” He also pondered on potential catalysts that could drive XRP’s price even higher, such as the introduction of an ETF or an initial public offering, though he remained skeptical about these events materializing before the current bull run concludes.
Armstrong’s insights extended to the broader market implications, suggesting that funds flowing into XRP could divert attention from other cryptocurrencies, with Cardano (ADA) potentially bearing the brunt of this shift.
In conclusion, Armstrong’s forecasts present a mix of positivity and caution, advising investors to maintain realistic expectations while acknowledging the potential for substantial gains. As the cryptocurrency landscape continues to evolve, all eyes are on Bitcoin and XRP as they navigate the next phase of the bull run.
