Strive CEO Predicts Bitcoin Surge to $400K-$500K by 2029 Amid US Debt Crisis
Strive Asset Management CEO Cole forecasts a massive Bitcoin rally driven by macroeconomic factors.
- Bitcoin could reach $400K-$500K by late 2029, according to Strive CEO.
- US debt crisis expected to push long-term yields lower, benefiting Bitcoin.
- Bitcoin currently trades at $85,272 with a market cap of $1.71T.
Strive Asset Management CEO Cole has made a bold prediction that
Bitcoin could reach $400,000 to $500,000 by late 2029. This forecast is based on the expectation of a US debt crisis that would drive long-term yields lower, thereby increasing the attractiveness of Bitcoin as a store of value.
Cole's projection comes at a time when the total cryptocurrency market cap stands at $2.98 trillion, with Bitcoin currently trading at $85,272, representing a 1.12% decrease over the past 24 hours but a 2.31% increase over the last seven days. The market's Fear & Greed index is at 73, indicating a state of 'Greed' among investors.
While Cole's prediction is significant, it is important to note that it is a single-source forecast and should be considered in the context of broader market trends and economic indicators. The lack of corroborating sources means that while the prediction is noteworthy, it should be treated with a degree of caution.
The anticipated US debt crisis, as described by Cole, would likely lead to lower long-term yields, making non-yielding assets like Bitcoin more appealing to investors seeking to preserve their wealth. This scenario could potentially drive significant capital inflows into the cryptocurrency market.
If Cole's prediction comes to pass, it would represent a substantial increase from current levels, underscoring the potential for Bitcoin to become a major asset class in the global financial system. However, such a scenario would also depend on a variety of factors, including regulatory developments and broader macroeconomic conditions.
At today's peer-to-peer rate, 1 BTC ≈ ₦117.01M (about $85,529.00), down 0.3% over 24 hours. The naira itself trades about 2.8% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Bitcoin — questions
How much is 1 Bitcoin worth in naira today?
About ₦117.01M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $85,529.00. The naira price moves with both BTC's US-dollar price and the USDT/NGN rate; use our Bitcoin in naira page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is up 0.30% since this brief first published — trading at $85,529.00 now versus $85,272.00 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from CryptoPotato. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.