 ▲ Bitcoin (BTC) and the U.S. Dollar (USD) |
An optimistic outlook suggests that Bitcoin (BTC) could begin a full-scale rally within this year and surge to as high as $340,000 during this market cycle.
According to cryptocurrency-focused outlet The Crypto Basic on March 6 (local time), Bitcoin advocate British HODL stated in a recent interview that the price of Bitcoin could reach approximately $340,000. He analyzed that “if market conditions support it, an explosive upward trend could begin as early as the end of this year.” He emphasized that Bitcoin’s current market capitalization remains relatively small compared to traditional financial markets, indicating substantial room for future growth.
To support Bitcoin’s upside potential, HODL cited recent movements in precious metals such as gold and silver. Gold surged about 46%, rising from $3,819 per troy ounce in October 2025 to $5,597 in January 2026, proving that even large-scale assets can experience rapid price increases in a short period. Silver also previously skyrocketed nearly threefold, jumping from $45.55 per ounce to $121.67. HODL argued that the powerful rallies seen in traditional safe-haven assets could be replicated in the Bitcoin market.
Bitcoin has been undergoing a correction after reaching an all-time high of $126,080 in October 2025. HODL noted that although Bitcoin has recently underperformed relative to precious metals, this was due to a lack of a strong liquidity cycle combined with policy uncertainties, including tariff policies under the Donald Trump administration and ongoing geopolitical tensions.
HODL projected that once the policy uncertainties weighing on the market are resolved and the investment environment stabilizes, Bitcoin could regain strong rebound momentum. He assessed that if institutional capital begins flowing in earnest alongside the halving cycle, Bitcoin’s scarcity value could be maximized, making the $340,000 target a realistic possibility. The digital asset industry is closely watching for signs that Bitcoin may complete its current consolidation phase and enter a new stage of price discovery.
Bitcoin currently stands at a critical crossroads between technical correction and macroeconomic variables, with experts raising their final price targets for this cycle while keeping the door open for long-term upward potential. As instability in the global financial system persists, Bitcoin’s status as digital gold is expected to strengthen further. Backed by structural changes in supply and demand and expanding institutional adoption, Bitcoin aims to reinforce its dominance as a global store of value.
*Disclaimer: This article is for investment reference only and the publisher is not responsible for any losses resulting from investment decisions based on this content. The information provided should be interpreted for informational purposes only.*