Can Bitcoin Double in Value During the Next Crypto Bull Market?
2026-10-25 22:02
•Dominic Basulto •The Motley Fool
• •••••••••••• Axe Cap view
Bitcoin’s Next Bull Run: Tempered Expectations for SA Investors
Bitcoin’s potential to double in the next bull cycle looks limited compared to past runs, with modest growth likely ahead.
Bitcoin’s historic growth rates have been eye-popping, often giving the impression it can keep doubling every cycle. But big banks like JPMorgan now peg future annual gains at around 10%, far lower than the 37% seen from 2017 to now. For South African investors, this means the crypto’s price might hit around $110,000 in the next three years versus current levels near $84,000—not quite doubling. The rand’s volatility adds another layer; a weaker rand could amplify returns locally but it also increases risk. For those drawn to crypto’s allure, think of Bitcoin less as a get-rich-quick and more a steady, albeit volatile, part of a diversified portfolio. The bullish narrative is fading; don’t expect the wild multiples of yesteryear. This view could be upset if institutional adoption or regulation suddenly accelerates Bitcoin’s use case and demand. this is just our opinion and not financial advice
Avoid chasing Bitcoin for a quick double; consider a small, measured allocation if you understand the volatility. Focus on stable rand plays meanwhile, like Naspers or Prosus, which offer digital exposure with less wild swings.
- Bitcoin
- USD/ZAR
- Naspers
- Prosus
- faster-than-expected institutional adoption of Bitcoin
- sharp rand depreciation increasing volatility
6/10
The article examines whether Bitcoin can double in value during its next bull market cycle. While Bitcoin historically grew at a 37% compound annual growth rate from 2017-2026, JPMorgan Chase predicts a more modest 10% annualized growth over the next decade. At this projected rate, Bitcoin would reach approximately $112,000 over a typical three-year bull market cycle, falling short of doubling from its current $84,000 price. The analysis suggests Bitcoin's future growth will likely be significantly slower than its historical performance, potentially limiting its potential as a wealth-multiplying investment.
Our take is based on reporting first published by The Motley Fool.