Bitcoin Could Hit $400,000 by 2029 as Analyst Cites Regulatory Shifts and Institutional Adoption
The post Bitcoin Could Hit $400,000 by 2029 as Analyst Cites Regulatory Shifts and Institutional Adoption appeared on BitcoinEthereumNews.com.
TLDR: Analyst who called $100K Bitcoin in 2022 now forecasts $400,000 price target by February 15, 2029. Pro-Bitcoin appointments across SEC, Fed, and White House create favorable regulatory environment for growth. Gold’s historic rally against Bitcoin typically precedes cryptocurrency doubling in value relative to metals. Traditional finance infrastructure through ETFs and bank custody makes Bitcoin more accessible than ever before. Bitcoin advocate Luke Broyles has issued fresh predictions for the cryptocurrency’s trajectory, suggesting current price levels represent an attractive entry point for investors. The analyst, who accurately forecasted Bitcoin’s climb to $100,000 from its $16,000 bottom in late 2022, now projects the digital asset could reach $400,000 by February 2029. His analysis centers on shifting regulatory landscapes and macroeconomic conditions favoring cryptocurrency adoption. Institutional Adoption and Political Support Drive Bullish Outlook Broyles outlined several factors supporting his optimistic price forecast in a recent social media post. The analyst pointed to pro-Bitcoin appointments across key US regulatory positions, including the Securities and Exchange Commission and Federal Reserve. “Trump wants to lower DXY—Pro-Bitcoin SEC, Fed Chair, President, Senators, etc. Interest rates looking to lower,” he wrote. These political shifts mark a departure from previous regulatory uncertainty that plagued the sector. The cryptocurrency has already demonstrated remarkable resilience since bottoming at $16,000 in January 2023. Current prices around $81,000 represent a fivefold increase over that period. Despite this performance, Broyles argues mainstream sentiment remains cautiously negative or neutral toward Bitcoin. “Nothing has changed other than the fact your portfolio is now worth 70% less in Bitcoin terms over the last 3 years,” he stated. This disconnect between price action and public perception creates opportunity for informed investors. We are closer in time to >$400,000 Bitcoin than to <$20,000 Bitcoin. Three predictions… Context: In late 2022 when Bitcoin was $16,000 I said in…
Filed under: News - @ January 31, 2026 10:19 am