Bitcoin (BTC): Alibaba AI Predicts 1BTC will Soon be Half a Million Dollars
Bitcoin ($BTC), the first and largest cryptocurrency by market value, reached a fresh ATH of $126,080 on October 6 and has been pulling back ever since.
Despite the troubles, KIMI’s analysis suggests that Bitcoin’s broader year-over-year uptrend can still continue, with 2026 price targets stretching to between $150,000 and by $500,000.
Often described as digital gold, Bitcoin continues to attract both institutional and retail investors seeking protection against inflation and broader macroeconomic uncertainty.
Bitcoin currently accounts for roughly $1.4 trillion of the $2.4 trillion total cryptocurrency market. Since setting its latest all-time high, BTC has declined by about 45% and now trades below $70,000, following two sharp selloffs exacerbated by geopolitical tensions surrounding potential U.S. military action involving Iran and Greenland.
Looking past near-term risks, KIMI’s outlook points to accelerating institutional participation and post-halving supply constraints as major drivers that could push Bitcoin to multiple new highs this year.
Moreover, if U.S. lawmakers advance proposals to establish a Strategic Bitcoin Reserve, Bitcoin’s long-term upside could exceed even KIMI’s already bullish projections.
