Bitcoin bull HODL raised the possibility that bitcoin could rise to $340,000, about 500 million won, in 2026.

The Crypto Basic, a blockchain outlet, reported on March 6 that in a recent interview HODL analysed bitcoin as likely to fluctuate by about 15 percent around $340,000 in the current market cycle. He also forecast that the rise would occur between the recent halving and the next halving, adding that it could reach that level within this year if market conditions align.

HODL said bitcoin’s current market capitalisation is about $1.2 trillion to $1.3 trillion. He said it is relatively small compared with traditional financial markets, leaving ample room for further gains. He also cited strength in precious metals markets such as gold and silver, suggesting that even large assets can experience sharp price increases.

Gold rose 46 percent last year, soaring from $3,819 in October 2025 to $5,597 in January 2026. It later fell slightly but is still holding around $5,088, showing strength. Silver also surged from $45.55 to $121.67 and then underwent a correction, but is recently at about $82.90. The point is that if precious metals can post such strong gains, the possibility that bitcoin could show similar moves should not be ruled out.

Bitcoin, however, has been falling since hitting a peak of $126,080 in October 2025 and is now around $74,840, down 44 percent. Gold and silver also underwent corrections over the same period, but bitcoin’s decline was larger.

HODL pointed to economic uncertainty and policy shifts as reasons for bitcoin’s weakness. He said a strong liquidity cycle did not form last year and financial markets were thrown into turmoil by tariffs under the Donald Trump administration and geopolitical tensions. He forecast that if those uncertainties ease, bitcoin could recover its strength.