Jamie Coutts, chief
cryptocurrency
analyst at Real Vision, suggests that Bitcoin
$
67,725
could surpass $100,000 due to the increase in global money supply. During an appearance on Raoul Pal’s YouTube channel, The Journey Man, Coutts indicated a 60% probability that Bitcoin will reach $170,000 by August 2025.
Contents
Target Price for Bitcoin: $100,000
Opportunities and Risks for Traders
Target Price for Bitcoin: $100,000
Coutts highlighted that Bitcoin’s value could increase by over 155% from current levels, setting a fundamental target price of $100,000. He explains, “With the expansion of the global M2 money supply, it is likely that Bitcoin will see $100,000 by the peak of this market cycle,” and he adds that in more optimistic scenarios, the price could reach $234,000.
According to the analyst’s price predictions, there is a 15% chance of Bitcoin reaching $100,000 from its current price of $66,633, a 60% chance of rising to $170,335, and a 20% chance of climbing to $234,000. However, Coutts expressed caution, stating, “I do not expect Bitcoin to reach $500,000 in this cycle,” thereby tempering overly optimistic market expectations.
Opportunities and Risks for Traders
Coutts emphasizes the strong correlation between Bitcoin’s price movements and global money supply. He identifies the expansion of M2 money supply as a key factor influencing Bitcoin’s price dynamics. The volatility in the Bitcoin market presents both significant opportunities and potential risks for traders.
Coutts predicts that Bitcoin’s market capitalization could reach approximately $3.75 trillion by August 2025, indicating a crucial metric for the overall health and adoption of the market in the long term.
Coutts’ forecasts regarding Bitcoin’s price increase offer intriguing opportunities while reminding traders to consider associated risks. Traders can formulate strategies by keeping these scenarios in mind and leveraging analysts’ insights to understand market dynamics.
You can follow our news on
Telegram
,
Facebook
,
Twitter
&
Coinmarketcap
Disclaimer:
The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
