Bitcoin Clears Its Worst Phase: $150K Target by 2027

CK Zheng, former global head of valuation risk at Credit Suisse, believes that Bitcoin has navigated its most challenging stretch in the current market cycle.

Zheng points to increased regulatory clarity and growing institutional participation as key differences from previous cycles where sharp corrections often preceded prolonged bear markets.

He notes that the recent decline in price has been characterized by more measured trading and a broader base of long-term holders, reducing the likelihood of a catastrophic sell-off.

Zheng predicts that Bitcoin could reach $150,000 by 2027, citing the potential passage of the Clarity Act in the United States as a key driver for institutional adoption.