Metafide CEO: By the end of 2027, Bitcoin will reach $500,000

The price of Bitcoin is recently approaching $100,000 per coin, as pro-cryptocurrency remarks from President-elect Trump have boosted crypto-related markets. The CEO of Metafide stated: "The only place (Bitcoin) can go is up from here. We will definitely reach $100,000 this year. Next year we might surpass $250,000 and by the end of 2027, reaching $500,000 could be completely achievable."

He indicated that if Trump introduces a cryptocurrency institution during his second term in office it would help legitimize Bitcoin as an asset and add "more stability". He added: "As more people enter the market will become stable and over time it will increasingly resemble a mature market."