Bitcoin Target of $150,000: Bullish Signal from Former Credit Suisse Executive

It is suggested that the most challenging phase of the recent decline in the cryptocurrency market is behind us. CK Zheng, former Global Head of Valuation Risk at Credit Suisse, has set a target of $150,000 for Bitcoin by the end of 2027. Zheng bases this forecast on structural changes in the market. According to Zheng, the increasing weight of Bitcoin exchange-traded funds (ETFs) and institutional investors in the market places the cryptocurrency on much firmer ground compared to previous cycles. This situation leads to less volatile price movements and supports a long-term upward trend. The analyst argues that under current market conditions, Bitcoin's downward trend has ended and a new bull phase has begun. However, it is noted that such forecasts can change depending on market conditions, and investors should remain cautious. This is not investment advice.