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 YouTube show “Thinking Crypto.”
The former millionaire influencer has outlined his views on upcoming market dynamics, offering both hope and caution to cryptocurrency enthusiasts.
“I’m a big believer in April 1st for this bull market next year,” Armstrong told Edward. “I think it’s a great day to get into mischief.”
Armstrong stressed his belief that the next significant rise in Bitcoin (BTC) could begin on April 1, 2025, with a potential peak between April and the end of June.
Bitcoin will see substantial gains, but expectations of extreme highs should be wary, he explained.
“The price of Bitcoin will not go above $150,000,” Armstrong said, suggesting that a peak of $140,000 would be a more realistic target. He acknowledged the possibility of a temporary spike to $170,000 or $180,000, but remained cautious about such outcomes.
“Institutions and people who have a lot of money and are buying during these periods, during these dips, they see the whales accumulating and people are saying, ‘I don’t know if the bull run is going to come back’… there’s a zero percent chance that the bull run is not going to come back,” he said.
BitBoy: $8-10 XRP Price Range Is “Almost a Certainty”
Regarding Ripple (XRP), Armstrong cited recent developments that have cleared up regulatory uncertainty surrounding the cryptocurrency. On August 7, a judge ruled that Ripple must pay a $125 million fine for violating securities laws when selling XRP to institutions.
Armstrong predicts that XRP could reach between $8 and $10, a range he considers “pretty safe.” He also speculated on potential scenarios that could push XRP’s price even higher, such as the introduction of an ETF or an IPO, though he remains skeptical that these events will materialize before the current bull run ends.
Armstrong’s thoughts also touched on the broader market impact, noting that funds flowing into XRP could hurt other cryptocurrencies, with Cardano (ADA) potentially being one of the hardest hit.
In conclusion, Armstrong’s forecast offers 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:
