Macro Expert Predicts Bullish Trend for Bitcoin in the Next Two Years
Lyn Alden, a macroeconomics commentator and author, recently shared her optimistic outlook on Bitcoin (BTC) in the coming months. In an interview with David Lin, Alden expressed high conviction that Bitcoin’s price will appreciate over the next two years.
While she remains bullish on Bitcoin’s long-term prospects, Alden also acknowledged the potential for short-term volatility. She emphasized that price movements could fluctuate or trade within a specific range in the near future.
Alden pointed to several potential catalysts that could drive Bitcoin’s bullish trend, including an upcoming supply halving in the spring of 2024. This event will lead to a reduction in the number of new coins generated every 10 minutes, creating a supply shock. Additionally, the approval of a spot exchange-traded fund (ETF) could further boost demand for Bitcoin.
Bitcoin’s Current Price and Potential Growth
As of now, Bitcoin is trading at $37,392, showing a 20% increase from its recent breakout above the $31,000 resistance level. Despite potential short-term fluctuations, Alden’s positive long-term outlook suggests that Bitcoin could experience significant growth in the next two years.
Hot Take
Lyn Alden’s bullish sentiment on Bitcoin underscores the potential for significant growth in the cryptocurrency over the next two years. While short-term volatility may be a concern, her optimistic outlook is driven by factors such as reduced supply and steady demand, along with potential ETF approval.
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