Bitcoin May Hit $150K as Gold Rally Boosts Demand

Charles Edwards, founder of Capriole Investments, has positioned Bitcoin as a primary beneficiary of the current flight to safe-haven assets, drawing direct parallels to gold’s recent market performance. Speaking exclusively to Cointelegraph during the Token2049 conference in Singapore, Edwards emphasized that institutional investors are increasingly viewing Bitcoin as a legitimate hedge alongside traditional safe havens. This growing institutional demand represents a fundamental shift in how major financial players perceive cryptocurrency assets, moving from speculative instruments to strategic portfolio components.

The correlation between Bitcoin and gold as complementary safe-haven assets has strengthened significantly throughout 2025, with both assets demonstrating resilience during periods of market uncertainty. Edwards’ analysis suggests that Bitcoin’s digital scarcity and decentralized nature are attracting the same type of institutional capital that traditionally flowed into gold during economic turbulence. This convergence of investment theses between digital and traditional safe havens marks a maturation point for cryptocurrency markets and validates Bitcoin’s role in sophisticated investment strategies.

According to Edwards’ technical analysis, the $120,000 level represents a critical psychological barrier that, once breached, could trigger explosive price movement. “I wouldn’t be surprised if we went up to $150,000 in a pretty short time, like we have to break out of the $120,000 range,” Edwards told Cointelegraph during the Singapore event. This assessment is grounded in market psychology, where major round-number levels often act as significant resistance points that, when overcome, can lead to accelerated buying momentum as sidelined capital enters the market.

The timing of this potential breakout aligns with Bitcoin’s recent price recovery, which has seen the cryptocurrency gain over 6% in the past week alone. Cointelegraph data confirms that Bitcoin reclaimed the $118,500 level for the first time since August 15, demonstrating building momentum that could support Edwards’ prediction of a “very quick” move higher. This technical setup suggests that the market is consolidating strength for a potential assault on the $120,000 resistance level, with Edwards indicating this breakthrough could occur “potentially in the next days.”

Bitcoin’s current market position reflects a significant recovery from its mid-August lows, with the 6% weekly gain representing one of the strongest performances across major asset classes. This momentum has been particularly notable given the broader market conditions, suggesting that Bitcoin is decoupling from traditional risk assets and establishing its safe-haven credentials. The timing of Edwards’ comments during Token2049 in Singapore underscores the global nature of this institutional demand, with Asian markets playing an increasingly important role in cryptocurrency adoption.

The $150,000 price target represents approximately a 27% increase from current levels around $118,500, a move that Edwards characterizes as achievable within the current market structure. This projection builds on Bitcoin’s established pattern of rapid price appreciation following extended consolidation periods. The fact that this analysis comes from an established hedge fund founder rather than a cryptocurrency maximalist adds credibility to the prediction, reflecting the growing acceptance of Bitcoin analysis within traditional financial circles.

As institutional adoption continues to accelerate and Bitcoin’s correlation with gold strengthens, the stage appears set for the type of rapid price movement Edwards describes. The combination of technical breakout potential, fundamental safe-haven demand, and growing institutional participation creates a compelling case for Bitcoin’s continued ascent toward the $150,000 milestone before the end of 2025.