Cole Kennelly, founder and CEO of Volmex Labs, a cryptocurrency volatility specialist, predicts that bitcoin could reach $500,000 within approximately two years. This forecast would represent a gain of roughly 540% from the current price of around $84,269. Volmex Labs developed the Bitcoin Volmex Implied Volatility Index to assess market expectations for bitcoin’s future volatility, and launched BVIV-US this year, an index based on options from BlackRock’s iShares Bitcoin Trust (IBIT). Notably, this $500,000 target is not unprecedented: Standard Chartered had set a similar forecast for end of 2028 before pushing it back to 2030, while comparable predictions from ARK Invest, Galaxy Digital, and Robert Kiyosaki have failed to materialize.
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