Real Vision’s chief crypto analyst Jamie Coutts is saying that Bitcoin (BTC) could witness an over 155% surge from current levels during this market cycle.
In an appearance on Raoul Pal’s The Journey Man YouTube channel, Coutts says that Bitcoin could explode to six-figure territory as the global money supply increases.
[adinserter block="1"]“My base case is if we just look at global M2 (money supply) and back it out to August which was where the Bitcoin cycle peaks, that infers a price of about $100,000 on Bitcoin. I’m placing as a potential outcome but a very low probability outcome. My proportionality forecast is $170,000.”
The crypto analyst further says there are “more optimistic scenarios” where Bitcoin could skyrocket to up to $234,000 and even higher.
“The question is what probability do you assign to each of those potential outcomes to come up with some sort of grounded probability-weighted projection. And so as I mentioned, global M2 regression line of $100,000 is sort of like my base case or worst case. And then all I’ve done is I’ve looked at these other potential outcomes and assigned a probability.
I don’t think Bitcoin is going to go parabolic to $500,000 this cycle. I see $500,000 in the future, not this cycle. So it’s a very low probability. And the outcome is just this probability-weighted market forecast of 189,000 for Bitcoin by August of next year, which will give it a market cap of around $3.75 trillion.”
According to Coutts, Bitcoin has a 15% probability of hitting $100,000 by around mid-August of 2025. Over the same period, Bitcoin has a 60% chance of reaching $170,335, a 20% chance of skyrocketing to $234,000 and a 5% chance of hitting $500,000.
Bitcoin is trading at $66,633 at time of writing.
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