- Udi Wertheimer predicts Bitcoin could hit $400K or more by end of 2025, citing a “generational run” driven by a full rotation from early whales to price-insensitive institutions.
- He compares the current cycle to Dogecoin’s 2019–2021 surge, where legacy supply was overwhelmed by retail and social momentum, now mirrored in Bitcoin’s ETF-fueled rise.
- Institutions are buying BTC aggressively post-ETF, without concern for unit price—Wertheimer sees this as a key factor in pushing Bitcoin far beyond current levels.
Bitcoin advocate Udi Wertheimer has stirred Crypto Twitter with a new thesis, one that elaborates on why Bitcoin (BTC) could reach over US$400K (AU$613K).
In a detailed post on X, Wertheimer states that the market has entered what he calls a “generational run” that could catapult Bitcoin to that price target, or even higher, before the end of 2025.
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How Far Can BTC Go?
First, Wertheimer argues that BTC has completed a “full-scale rotation of ownership”. That means, in his words, that early holders (whales who bought cheap and have long dictated market tops and bottoms) are gone.
Their coins, he says, have passed into the hands of institutions. That is, ETFs like BlackRock’s IBIT, treasuries, sovereign wealth funds, etc. These new players are allocating capital with no sensitivity to price levels.
To illustrate the point, he draws a detailed parallel to Dogecoin’s 2019–2021 cycle, particularly the psychological dynamic that unfolded after Elon Musk’s endorsement in April 2019.
Basically, Wertheimer argues that crypto insiders initially underestimated the rally’s potential, with the real move only coming after TikTok retail momentum overwhelmed what was left of legacy supply. That pattern, he insists, is now playing out in Bitcoin.
BTC To 400K And Above
According to Wertheimer, institutions tracking Bitcoin since the January 2024 ETF approvals are evaluating performance differently. Basically, by buying as much BTC as possible.
Referencing IBIT’s rise from US$30 (AU$46) to US$70 (AU$107), he writes: “‘It’s only up $40! That’s nothing! Why not $700?’”
He frames this disconnect as a key driver of outsized price potential, arguing that these buyers “shove as many dollars as they can” without sensitivity to the Bitcoin unit price.
Hence, Wertheimer places a target of US$400K on BTC by year-end and calls that figure “potentially conservative”, predicting a second, even larger wave of repricing once broad belief sets in.
Hard Blow to Altcoins
But Wertheimer delivered quite a dismissal of altcoins, stating that altcoins are basically screwed and that Bitcoin will absorb most of the incoming capital.
He took a shot at Ethereum (ETH), calling it the “biggest loser of this cycle” and that it would require years of accumulation before any “true recovery”.
ETH recently netted over 22% in the last week, trading at US$3.37K (AU$5.2K) at press time, as per data from CoinGecko.
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