Strive Chief Sees Bitcoin Near $90,000 by 2027
Strive Chairman and CEO Matt Cole projects Bitcoin could reach about $90,000 by late February 2027, based on its price path after SpaceX's June 12 IPO.
Updated on Nov. 15, 2026 in Investing
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Strive Chairman and CEO Matt Cole said Bitcoin could reach about $90,000 by late February 2027 if its price repeats the path it followed after SpaceX's June 12 IPO. Bitcoin declined 19% in the 50 days before that IPO and reached a low on day 18 after it.
Why it matters
Cole's projection rests on a single historical comparison to the post-IPO period, and the stub does not establish that Bitcoin will follow the same trajectory. Bitcoin is also near its 200-week moving average, a level that analysts often watch when assessing long-term price trends.
Bitcoin fell as much as 25% after SpaceX's June 12 IPO and was 28% above its IPO-day close on day 100, according to the projection's historical comparison. Cole's $90,000 figure depends on repeating that path, and the source does not explain why the SpaceX IPO would drive Bitcoin's price.
The players
Matt Cole
Matt Cole is the Chairman and CEO of Strive, a company that has made public projections about Bitcoin's price trajectory.
Strive
Strive is a company whose chairman and CEO, Matt Cole, has publicly projected Bitcoin could reach about $90,000 by February 2027.
The details
Cole's projection compares Bitcoin's price path to the path that followed SpaceX's June 12 IPO. Bitcoin's decline reached as much as 25% after the IPO before recovering, and the stub does not explain the mechanism connecting the two events.
Timeline
Bitcoin declined 19% in the 50 days before SpaceX's June 12 IPO.
SpaceX completed its IPO on June 12.
Bitcoin reached its post-IPO low on day 18.
On day 100 after the IPO, Bitcoin was 28% above its IPO-day close.
Cole's projection targets late February 2027.
Market Dynamics
Cole's projection extends Bitcoin's price path from after SpaceX's June 12 IPO forward to February 2027, treating that single post-IPO period as a template for the next several months. Bitcoin's price is currently near its 200-week moving average, the level against which this projection is set.
Investors weighing Bitcoin exposure face a projection built on one historical comparison, not a forecast with an established track record. Anyone reallocating portfolio assets based on the $90,000 target should consider how much of their position they can hold through a decline of the size Bitcoin showed after the SpaceX IPO.
The takeaway
A single historical price path is a weak basis for a long-term target, so the 2027 projection should be weighed against Bitcoin's volatility and not treated as an expected outcome. Investors should verify any price target against their own risk tolerance before acting on it.
Further reading
For broader context on how price projections like this are made, see Investing.
Source note: This article includes information reported by TokenPost.
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