Volmex Labs CEO Predicts Bitcoin Price Will Soar to $500,000 in Two Years
Cole Kennelly, the founder and CEO of Volmex Labs, a cryptocurrency volatility specialist, has made an ambitious prediction for Bitcoin's price. According to him, the leading cryptocurrency could soar to as high as $500,000 within roughly two years. This would mean a gain of roughly 540% from its current price of $84,269.
Volmex Labs measures volatility through its Bitcoin Volmex Implied Volatility Index, which determines the market's forward-looking expectation for Bitcoin. Interestingly, this forecast is not unprecedented, as Standard Chartered previously predicted that Bitcoin could reach exactly that level by the end of 2028.
The CEO of ARK Invest and other notable figures have also made similar predictions in the past, but they never came to fruition. Galaxy Digital founder Mike Novogratz said Bitcoin could reach $500,000 within five years, while 'Rich Dad Poor Dad' author Robert Kiyosaki predicted it would reach that level by 2025.