Bitcoin headed to $500K, says Gryphon CEO: ‘Nothing has changed'

Bitcoin’s price movements are making some investors anxious, but Gryphon Digital Mining CEO Steve Gutterman believes there’s no reason to panic.

Speaking with Roundtable host Rob Nelson, Gutterman argued that Bitcoin’s volatility is part of its natural growth cycle, and its long-term prospects remain incredibly strong.

Nelson pushed back on the fear surrounding Bitcoin’s price swings, noting that BTC has been ranging between $90,000 and just over $100,000 — a 10% volatility range that’s reasonable for an asset of its size.

“I’m tired of everybody getting freaked out that Bitcoin’s like, oh, it’s at 92, it’s at 94. I don’t understand. I mean, it’s not that volatile,” Nelson said. “It goes between the low nineties and just over a hundred. That seems to me like pretty decent volatility for an asset this size.”

Gutterman agreed, pointing out that Bitcoin was at $60,000 in November, and its recent price action represents a massive increase in a short period.

“People seem to forget that, right? And so whether we’re at 90 or 95 or a hundred, it’s a significant increase,” Gutterman said. “If we take a little bit of a longer view than, oh, a day or an afternoon, you would see a very nice sustained move upward.”

At the time of writing, Bitcoin is trading at $99,000, up 2% in the last 24 hours.

Why people fear Bitcoin’s drops — and why they shouldn’t

Nelson brought up a common concern—why do people panic when Bitcoin dips a few percentage points? He shared a personal story about his young nephew, who texted him in fear as BTC fell to $92K, thinking it was on the verge of collapse.

Gutterman believes this anxiety comes from a lack of understanding about Bitcoin’s fundamentals.

“There is a lot of exuberance around Bitcoin, and not everybody understands the fundamentals,” Gutterman explained. “Now, interestingly enough, I think that if people did understand the fundamentals, they’d be even more bullish and they wouldn’t be so freaked out by a $500 drop or a $700 drop in a period of an afternoon because all the long-term prospects are incredibly positive.”

For Gutterman, the solution is simple: education. The more people understand Bitcoin’s scarcity, adoption trends, and institutional support, the less likely they are to panic during price swings.

Bitcoin’s long-term path is still $200K+

Gutterman remains bullish on Bitcoin’s future. He pointed to increasing government and institutional adoption, which he believes will push BTC past $200,000, $300,000, and even $500,000 in the long run.

“Nothing has changed,” Gutterman said. “The increasing acceptance of Bitcoin, both by governments, sovereign wealth funds, people in general—it’s all there.”