Bitcoin (CRYPTO: BTC) could be on the verge of a historic bull run, according to vocal crypto advocate Udi Wertheimer — one that he says may rival the explosive 2021 rally of Dogecoin (CRYPTO: DOGE). And if his thesis plays out, he believes it could be life-changing for early believers.
What’s Happening
Taking to X (formerly Twitter) on Monday, Wertheimer argued that Bitcoin’s current momentum isn’t just another price cycle — it’s the beginning of a fundamental shift in market structure. According to him, legacy retail holders are being replaced by powerful institutional forces, including ETFs, corporate treasuries, and firms like MicroStrategy (NASDAQ: MSTR), which are aggressively accumulating BTC without concern for historical price levels.
Wertheimer likens this to Dogecoin’s legendary 200x rally between 2020 and 2021, when early holders sold too soon while new entrants, unbothered by past price ceilings, bought relentlessly. This created a supply crunch that catapulted DOGE from fractions of a cent to nearly $0.70.
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Wertheimer believes Bitcoin is now setting up for a similar — but even larger — move.
“This Isn’t the Top — It’s the Reset”
Contrary to bearish sentiment, he insists Bitcoin’s current consolidation is not a market peak but a temporary reset before the next explosive leg up. Institutional buyers, particularly through ETFs like BlackRock’s IBIT, are largely unconcerned with technical resistance or previous highs.
In their eyes, even a $110,000 Bitcoin is a bargain when compared to other asset classes.
What’s Next?
Wertheimer’s base case sees Bitcoin entering the early phase of a generational bull market, projecting a cycle top of $400,000 by year-end. He warns that just like Dogecoin’s early sellers missed the biggest gains, today’s skeptical or sidelined Bitcoin investors risk missing out — unless they take action soon.
He also predicts that Ethereum (CRYPTO: ETH) will be this cycle’s biggest loser. Despite occasional price pumps, he says ETH continues to be weighed down by disillusioned long-term holders. The lack of conviction, as seen in modest $4,000 price targets, suggests ongoing selling pressure from “bagholders” who exit at every opportunity.
Wertheimer even floated the possibility that MicroStrategy’s valuation could surpass Ethereum’s — a signal, he says, of a massive reallocation of crypto capital in favor of Bitcoin.
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