Bitcoin traders are placing big bets on a jaw-dropping price surge, with the $300K call option emerging as a top pick in the crypto options market. Could Bitcoin really triple to $300,000 by June 2025? This article dives into the speculative frenzy, unpack the forces fueling this bold prediction, and offer actionable insights for retail investors navigating Bitcoin’s wild ride.

Why Are Traders Betting on a $300K Bitcoin?

The crypto market thrives on bold bets, and the Deribit-listed $300,000 Bitcoin call option expiring June 26, 2025, is stealing the spotlight. According to market data, this option is the second-most popular bet in the June expiry, with over 5,000 contracts active and a notional open interest of $484 million.

For context, one contract equals 1 BTC on Deribit, the world’s leading crypto options exchange, which handles over 75% of global options activity.

This “lottery ticket” bet implies Bitcoin’s spot price could triple from its current $80,000 to over $300,000 in under two months.

“There are always folks that want the hyperinflation hedge,” said Spencer Hallarn, a derivatives trader at GSR, quoted by CoinDesk.

But what’s driving this speculative fever, and should retail investors jump in? Let’s break it down.

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The Bitcoin $300K Call: A High-Risk, High-Reward Bet

The $300K call is a deep out-of-the-money (OTM) option, meaning Bitcoin’s price must skyrocket for it to pay off. These “wings” are cheap—priced at roughly $60 per contract in April at 100% implied volatility, per Amberdata’s Director of Derivatives. However, the potential payout is massive if Bitcoin surges, making them akin to lottery tickets with slim odds but life-changing rewards.

The June 26 expiry is the largest among 2025 settlements, amplifying market volatility as traders hedge, lock in gains, or speculate. The $300K call’s popularity trails only the $110K call, signaling strong bullish sentiment despite Bitcoin’s recent dip below $80,000.

Simranjeet Singh of GSR attributes this enthusiasm to a pro-crypto U.S. regulatory narrative and speculation around a potential Bitcoin strategic reserve. “I suspect this is mostly an accumulation of relatively cheap wings betting on broader U.S. reg narrative being pro-crypto,” Singh told CoinDesk.

What’s Fueling the $300K Bitcoin Dream?

Several catalysts are igniting optimism in the options market:

• Pro-Crypto Policy Shifts: Senator Cynthia Lummis recently praised President Trump’s support for her BITCOIN Act, which she claims is the “only solution” to the U.S.’s $36 trillion debt. “I’m grateful for a forward-thinking president who not only recognizes this, but acts on it,” Lummis posted on X, per CoinDesk. A national Bitcoin reserve could legitimize BTC as a strategic asset, driving institutional demand.
• Supply Squeeze Post-Halving: The April 2024 Bitcoin halving slashed mining rewards to 3.125 BTC, tightening supply. Historically, halvings spark bull runs, as seen in 2016 and 2020. With ETF inflows and corporate adoption (e.g., MicroStrategy’s BTC stockpiling), demand could outstrip supply, pushing prices toward lofty targets.
• Institutional Momentum: Bitcoin ETFs have attracted $70 billion in inflows, per Bernstein, with 80% from self-directed retail investors. Growing uptake by U.S. retirement funds and options trading could amplify this trend, as Standard Chartered predicts BTC could hit $200,000–$250,000 in 2025.
• Hyperinflation Hedge: Traders view Bitcoin as a shield against fiat devaluation. “There are always folks that want the hyperinflation hedge,” Hallarn noted. With global debt soaring and trade tensions escalating, Bitcoin’s fixed 21-million-coin supply appeals to those betting on economic uncertainty.

Historical Context: Can Bitcoin Triple by June?

Bitcoin’s history is no stranger to meteoric rises:

• 2017: BTC soared 1,900% from $1,000 to $20,000.
• 2020–2021: A 500% rally from $10,000 to $69,000.
• 2023: A 150% rebound from $16,000 to $69,000.

A tripling from $80,000 to $300,000 would require a 275% surge in under two months—an ambitious but not unprecedented move for Bitcoin, given its 80%+ annualized volatility. However, past bull runs relied on loose monetary policy and retail euphoria, while 2025 faces headwinds like Trump’s tariffs and a liquidity crunch.

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Bitcoin Price Technical Analysis

On Monday, May 5, 2025, Bitcoin is trading at $94,558 on Binance, holding near its multi-month highs. However, from a technical perspective, the price remains in a steady consolidation phase, with no clear signs of a breakout in the near term.

Bitcoin’s recent drop below $80,000 tested support at $74,500, but buyers defended this level, per TradingView data. Key resistance lies at:

• $100,000: a psychological barrier,
• $109,000: Bitcoin’s 2025 peak.

A breakout above $100,000 could trigger a parabolic move, especially with options-driven volatility. However, a failure to hold $74,500 might see BTC retest $59,000 or $53,500, per prior support zones.

Bitcoin Price Prediction: $300K and Above

While the $300K call option targets a short-term moonshot by June 2025, some prominent voices in the crypto space are betting on even loftier prices over the long term. These ultra-bullish forecasts underscore Bitcoin’s potential as a transformative asset, though they come with extended timelines and significant caveats.

Cathie Wood’s $1 Million Prediction by 2030:

Cathie Wood, CEO of ARK Invest, projects Bitcoin could reach $1 million by 2030, potentially matching gold’s $19.3 trillion market capitalization. Her bullish outlook hinges on corporate treasury adoption, institutional investment, and interest from nation-states diversifying reserves. “Bitcoin’s superior characteristics as a digital store of value” will drive this surge, Wood argues, citing its fixed supply and growing mainstream acceptance.

Daniel Roberts’ $1 Million by 2030:

Daniel Roberts, CEO of Bitcoin mining company IREN, echoes Wood’s optimism, forecasting a $1 million Bitcoin by 2030. He points to Bitcoin’s 120% gain in 2024 and increasing institutional adoption via ETFs. “If you consider Bitcoin’s historical price trajectory, I’d be surprised if we’re not at a $1 million by 2030 given the traction of ETFs and institutional buying now,” Roberts told Livewire Markets. He likens Bitcoin to “digital gold,” arguing it’s “scarcer, easier to transfer, and easier to divide” than its analog counterpart.

Robert Kiyosaki’s $1 Million by 2035 and Beyond:

Renowned author of Rich Dad Poor Dad, Robert Kiyosaki, predicts Bitcoin could hit $1 million by 2035, driven by an economic crash and surging U.S. debt. He also made earlier, more aggressive calls, including a $500,000 target for 2025 and a $100,000 price by September 2024, citing the April 2024 halving’s supply reduction. Kiyosaki sees Bitcoin as a hedge against fiat devaluation, urging investors to act: “Those who wait in fear may be the biggest losers.” His long-term vision assumes a “Greater Depression” and massive adoption, though he acknowledges macro risks like trade wars could cap gains.

Why $300K Might Be a Long Shot

Not everyone’s buying the hype. Bloomberg’s Mike McGlone recently warned Bitcoin could crash to $10,000, citing speculative excess and a macroeconomic reset.

“The whole space needs purging just like the dot-com bubble did. It’s getting it in 2020,” he said, drawing parallels to the early 2000s tech crash. His $10,000 call hinges on several key arguments:

Gold’s 16% rise in 2025 highlights a shift to traditional safe havens, challenging Bitcoin’s “digital gold” narrative. Without Federal Reserve stimulus—unlike 2020’s recovery—Bitcoin may struggle to sustain a rally. McGlone’s bearish call suggests the $300K bet is a high-risk gamble, not a sure thing.

“In short, a sharp drop followed by a rapid rebound is more likely than a slow grind to $10K. That number only comes into play if everything unravels completely,” he concluded.

Bitcoin Price Predictions: Short-Term and Long-Term Outlook

Bitcoin Price News, FAQ

Will BTC go to 300K?

No one can predict with certainty, but the $300K call option on Deribit reflects speculative bets on pro-crypto U.S. policies and the 2024 halving’s supply squeeze. “People like buying lottery tickets,” GSR’s Hallarn told CoinDesk. However, a 275% surge from $80,000 by June 2025 is ambitious, and macro risks like tariffs could derail it.

Is Bitcoin expected to reach $100,000?

Many analysts see $100,000 as achievable in 2025. Robert Kiyosaki predicted BTC would hit $100,000 by September 2024, as did FinanceMagnates.com, and Bernstein’s $200,000 forecast for 2025 implies crossing this threshold. Bitcoin’s 2025 peak of $109,000 suggests $100,000 is within reach if bullish momentum resumes.

Will Bitcoin be worth 1 million in 2030?

Cathie Wood and Daniel Roberts both predict $1 million by 2030, citing institutional adoption, ETF traction, and Bitcoin’s “digital gold” status, in line with FinanceMagnates.com. While this is possible, for Bitcoin to rival gold’s $19.3 trillion market cap, it would require unprecedented global adoption and regulatory clarity—far from guaranteed amidst 2025’s economic uncertainty.

Can Bitcoin reach $250,000?

Standard Chartered forecasts $200,000–$250,000 by 2025, driven by retirement fund uptake and a potential U.S. Bitcoin reserve, per CoinDesk. A $250,000 price would require a 213% rise from $80,000, plausible given Bitcoin’s historical bull runs (e.g., 500% in 2020–2021), but macro headwinds like a liquidity crunch pose challenges.