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Ben Armstrong, popularly known as “Bitboy” in the cryptocurrency community, recently shared his intriguing predictions about the prices of Bitcoin and XRP during his appearance on Tony Edward’s “Thinking Crypto” YouTube show.
Armstrong, a former millionaire influencer, conveyed his thoughts on the upcoming market dynamics, offering both hope and caution to crypto enthusiasts.
According to Armstrong, he has been a strong believer in April Fool’s Day as the starting point for the next bull market. He stated, “I think it’s a great day for some tomfoolery.” He emphasized that the next significant bull run for Bitcoin could potentially begin on April 1, 2025, and reach its peak between April and the end of June.
While Bitcoin is expected to experience substantial gains, Armstrong warned against expecting extreme highs. He mentioned, “The price of Bitcoin is not going to go over $150,000,” suggesting that a peak of $140,000 is a more realistic target. However, he acknowledged the possibility of a temporary spike to $170,000 or $180,000 but remained cautious about such outcomes.
Armstrong firmly believes that the bull run is inevitable, stating, “There’s zero percent chance the bull run is not coming back.” He noted that institutions and individuals with significant investments are buying during market dips, and this accumulation by whales is a strong indication that the bull run will return.
Regarding Ripple (XRP), Armstrong mentioned recent developments that have resolved regulatory uncertainties surrounding the cryptocurrency. He referred to a judge’s ruling on August 7, which imposed a $125 million fine on Ripple for violating securities laws related to XRP sales to institutions.
Armstrong predicts that XRP could reach a price range of $8 to $10, which he considers “almost a slam dunk.” He also speculated about potential scenarios that could drive XRP’s price even higher, such as the introduction of an ETF or an initial public offering. However, he remains skeptical about the likelihood of these events occurring before the end of the current bull run.
Armstrong’s insights also touched on the broader market impact, suggesting that funds flowing into XRP could detract from other cryptocurrencies, with Cardano (ADA) potentially being one of the most affected.
In conclusion, Armstrong’s predictions offer a balanced mix of optimism and caution, urging investors to set realistic expectations while acknowledging 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.
