Famed Investor Mike Alfred Claims Bitcoin Will Hit $315,000 as Harvard Boosts Bitcoin Investment Over Gold
Market Projections and Institutional Movements
Technology investor Mike Alfred has set a price target of $315,000 for Bitcoin, marking a significant increase from his previous forecast of $200,000 made just weeks earlier in November. Alfred also projects Ethereum could climb to $20,000, stating that the cryptocurrency market has entered a "stage 1 uptrend" after an extended period of stagnation.
Alfred maintains that Bitcoin has not experienced a genuine bull market since 2021 and believes the current rally represents the beginning of a new cycle. He has taken long positions in the market and expressed confidence that new lows will not materialize during this cycle. The investor anticipates a substantial influx of liquidity into the cryptocurrency market and suggests that pessimistic forecasts will prove incorrect.
Harvard's Portfolio Allocation
Asset | Previous Holdings | Q3 Holdings | Increase |
Bitcoin | $117 million | $443 million | $326 million |
Gold ETFs | $102 million | $235 million | $133 million |
Harvard University disclosed a notable expansion of its Bitcoin holdings during the third quarter, increasing its position from $117 million to $443 million. The institution simultaneously grew its gold ETF investment from $102 million to $235 million. The allocation demonstrates a 2-to-1 preference for Bitcoin over gold in what investment professionals characterize as a hedge against currency debasement.
This institutional shift represents a departure from traditional portfolio construction approaches. The university's decision to allocate substantially more capital to Bitcoin than gold reflects evolving perspectives on digital assets among established financial institutions.
Additional Price Forecasts
Multiple market participants have issued optimistic projections for cryptocurrency prices in recent months:
- Fundstrat's Tom Lee predicts Bitcoin will reach $250,000 within months
- Lee also suggests Ethereum could climb to $62,000, describing it as "grossly undervalued"
- Cardano founder Charles Hoskinson previously stated Bitcoin could hit $250,000 in 2026, citing institutional adoption as a key driver
These forecasts align with Alfred's bullish stance and suggest a broader consensus among certain market participants regarding cryptocurrency valuations. The convergence of institutional accumulation and public price targets from known investors creates a narrative of growing confidence in digital asset markets.
Market observers note that these projections represent substantial upside potential from current price levels. However, the realization of such targets would depend on various factors including liquidity conditions, regulatory developments, and sustained institutional participation in cryptocurrency markets.
Source: Coinpaper Bitcoin News