Bitcoin $120K breakout will lead to ‘very quick move’ to $150K: Charles Edwards

Bitcoin may rally to $150K before year end as gold’s safe haven surge drives institutional demand, according to hedge fund founder Charles Edwards.

Bitcoin may surge to a new all-time high of $150,000 before the end of 2025 as investors pile into safe-haven assets alongside gold, according to Capriole Investments founder Charles Edwards.

Bitcoin’s (BTC) recovery above the $120,000 psychological mark may lead to a “very quick” breakout to a $150,000 all-time high, Edwards told Cointelegraph during an interview at Token2049 in Singapore. “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. But that’s probably coming, potentially in the next days.”

Bitcoin rose over 6% in the past week, recovering above the $118,500 mark for the first time since Aug. 15, Cointelegraph data shows.

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