Bitcoin Bulls See $180K Target as Market Fear Creates Buying Opportunity

Lawrence Lepard, an investor and analyst, believes that the current fear surrounding Bitcoin and MicroStrategy is creating a buying opportunity rather than signaling the end of the bull case. Speaking with Michaël van de Poppe, Lepard argued that investors often irrationally dislike falling prices.

However, cheaper valuations are usually what long-term buyers want, and Lepard thinks Bitcoin could reach new highs within the next 18 months and move toward $180,000. Its power-law median value is estimated around $134,000.

Lepard believes that Bitcoin's limited supply and growing demand could eventually trigger another sharp move, similar to 2020 when the asset remained flat for months before suddenly rallying nearly fivefold.