A Look at Bitcoin’s Potential Price Increase

• A number of factors in Bitcoin could increase its price over eight times its current value, even if most of them don’t materialize, according to the CEO of crypto-focused reviews portal Apollo, Thomas Fahrer.
• Each one of these individual things is kind of a low probability, but there’s a lot of low probability potential outcomes that can cause a really strong bull market for Bitcoin, Fahrer tells Hall of Flame.
• He predicts that, even if just a couple of these events occur, Bitcoin could reach the half-a-million-dollar mark within the next four-year cycle.
• He mentions several potential events, including Bitcoin’s potential to overtake gold’s market capitalization in the future and the United States dollar being backed by Bitcoin.

While Fahrer doesn’t think Kennedy will win the presidential election, he still believes it’s important that a candidate is pushing the idea to the public. In a world in which that happened, that would send Bitcoin astronomically higher now, he says.

What led to X Fame for Fahrer?

Fahrer says that his X following has grown fairly steadily since he started the account in late 2022, but it has really taken off this year, especially with the launch of spot Bitcoin exchange-traded funds in the United States.

Ever since Bitcoin ETFs launched in January, Fahrer has been sharing easy-to-understand updates on ETF inflows and outflows. The regular posts have been fairly popular, and he has accumulated roughly 60,000 X followers.

What content does Fahrer like?

Fahrer has his favorite sources for different types of Bitcoin content. If he wants a laugh, he has his favorite guys lined up on his X feed. For the more technical stuff, he turns to specific onchain analysts. When he needs a general update on Bitcoin news, he has a go-to person for that as well.

What content does Fahrer make?

Fahrer’s content on X is a blend of pocket bites of information about Bitcoin ETF inflows and outflows, light-hearted Bitcoin memes and a selection of the best content to share with his followers. He also runs a daily newsletter with his brother and Apollo co-founder, Julian. The newsletter investigates major companies that are purchasing Bitcoin.

What are Fahrer’s predictions?

Fahrer thinks that when spot Ether ETFs launch, there will be positive inflow days “kind of immediately” because ETF issues will have “lined up some buyers in advance to have a good running start to it.” But he points out that the big problem Ether ETFs face, which Bitcoin ETFs don’t, is the “staking issue.” Even if the majority of investors figure out that not staking their Ethereum means missing out on some returns, Fahrer says that a lot of current Ethereum holders don’t seem too worried about leaving that extra cash on the table.