Exodus CEO predicts Bitcoin will exceed 200,000 USD by 2026
In an interview with CNBC, Exodus CEO JP Richardson made a bold prediction about Bitcoin's price outlook.
He stated that he expects Bitcoin to surpass 200,000 USD by 2026, while also believing that in the long term, the market capitalization of this cryptocurrency could exceed that of gold.
Richardson analyzes that Bitcoin's market capitalization is currently around 1.8 trillion USD, while gold stands at 18 trillion USD.
If this gap is narrowed, Bitcoin's price could increase tenfold, reaching the range of $900,000 – $1,000,000.
"Bitcoin reaching $1 million in the next few years is not certain, but I expect the $200,000 level to be surpassed by 2026," he said.
Driving factors: Fed rate cuts and Trump's economic stimulus
Richardson believes the next Fed rate cut cycle will be a key driver pushing Bitcoin's price to break through.
Additionally, the large-scale stimulus packages proposed by President Donald Trump could inject more capital into risk assets, including cryptocurrencies.
He believes the combination of these two factors will create a "very strong bullish story" for the crypto market in the coming period.
The U.S. may consider a "strategic Bitcoin reserve"
Another notable point, according to Richardson, is the possibility that the U.S. may consider establishing a "strategic Bitcoin reserve" ahead of the mid-term elections.
He reiterated that Texas – the world's eighth-largest economy – has included Bitcoin in its balance sheet, a move he considers extremely significant.
"Texas has bought Bitcoin and added it to its budget. This is a major event," the CEO emphasized.
He believes this move could trigger a ripple effect: "How many states will follow? How many countries will do the same?" If that happens, a wave of national and global Bitcoin purchases could soon emerge.
