BIT Research Predicts Bitcoin Price Could Reach $215K in 2028 or 2029

A recent analysis by BIT Research predicts Bitcoin's price could reach $215,000 in 2028 or 2029. However, this prediction is based on multi-year cycle analogies and not a short-term forecast.

The current holder cost basis of Bitcoin is around $76,897, which is below the current market price of over $83,000. Historically, Bitcoin has climbed at least 85% above its true market mean in past cycles, leading to a range of prices between $185,000 and $215,000.

Strive, an asset manager, has been steadily building its position in Bitcoin since September 2025, accumulating over 27,462 BTC worth around $2.3 billion at the current price. This accumulation story supports the trend and suggests that investors are paying a premium to the underlying holdings, which is sustainable only as long as the accumulation story holds.