Bitcoin Price Prediction
Volmex CEO Cole Kennelly predicts Bitcoin could reach $500,000 by 2028.
Anonymous
Volmex Labs CEO Cole Kennelly says Bitcoin could reach $500,000 in roughly two years, a more than sixfold increase from its price at the time of his comments. The forecast is notable because Volmex focuses on measuring expected volatility, not predicting Bitcoin’s direction. Other institutions and prominent investors have made similar $500,000 calls, but some have delayed or missed their targets; Standard Chartered, for example, pushed its projected timeline to 2030, citing weaker corporate buying. The forecasts remain speculative, despite signs of continued institutional interest in Bitcoin.
Key Points
1
Volmex’s newer BVIV-US index gauges expected U.S. Bitcoin volatility using options tied to BlackRock’s iShares Bitcoin Trust (IBIT), complementing its broader Bitcoin Volmex Implied Volatility Index.
2
At the time cited in the coverage, Bitcoin was trading near $84,269; it would need to rise about 540% to reach Kennelly’s target.
3
The articles specify that Robert Kiyosaki predicted Bitcoin would hit $500,000 by 2025, while Mike Novogratz forecast that level within five years in 2022—implying a 2027 deadline.
4
As Bitcoin rebounded above $85,000, short liquidations increased, underscoring how quickly market conditions could shift during heightened activity.
5
Bitwise data cited in one report indicated that institutions maintained significant Bitcoin exposure through major drawdowns, with the asset later rebounding above $87,000 after September lows.
Sentiment
Mostly PositiveNEGATIVENEUTRALPOSITIVE
Publishers
20
Articles
10
Reach
30
A
AnonymousAuthor
