‘Never selling’ investor outlines ambitious Bitcoin price targets
Siddarth Bharwani, Joint Managing Director and CFO of Jetking, told TheStreet Roundtable that the classic Bitcoin cycle theory is “getting slightly disrupted” as geopolitical turmoil fails to dent the market.
Jetking designated Bitcoin as its primary treasury asset in December 2024. Under Siddarth Bharwani’s phased plan, the company aims to hold 210 Bitcoin by the end of 2025 and amass 18,000 Bitcoin by 2030.
“The world went through a storm in the last six months and Bitcoin did not have a very extreme reaction,” he said, contrasting today’s stability with the 60% – 70% COVID-era sell-off.
Cycle theory disrupted
Bharwani argues that Bitcoin’s drivers are shifting. “2010 to 2020 was all the community and retail driving Bitcoin. 2020 to 2030 is going to be corporations driving Bitcoin. And 2030 onwards will be countries driving Bitcoin,” he said.
That evolution reflects growing institutional involvement, which he believes will “start getting slightly less volatile than it was before.”
As evidence, he pointed to recent tariff wars and conflicts in the Middle East failing to provoke sharp price swings. “If you see the world went through a storm, Bitcoin was still chilling,” he said, underscoring the asset’s maturing market dynamics.
Price outlook
When asked where Bitcoin tops in the current cycle, Bharwani offered a short-term target of about $150,000 to $160,000. “I don’t think the market cap will move three or four times in this year,” he noted, though he acknowledged higher moves over a longer horizon.
Looking further ahead, he forecast that by the 2032 halving cycle — “two cycles away” — Bitcoin’s market capitalization could reach $9 trillion to $10 trillion, implying a price of roughly $600,000 to $700,000.
“That is conservative,” he said, contrasting his view with more bullish predictions of $2 million or $3 million.