Bitcoin Bull Market: Lyn Alden Predicts Higher Prices
According to macro expert and crypto veteran Lyn Alden, a peak of $100,000 for Bitcoin (BTC) during the next bull market would be underwhelming. Alden shared her thoughts on Bitcoin’s future price trajectory in a recent interview, emphasizing the correlation between global liquidity and Bitcoin’s cycles. She noted that while liquidity offers insight into the direction of Bitcoin’s performance, estimating the magnitude of price movements is challenging. Traditional models like stock-to-flow may not be as applicable to Bitcoin’s nature.
Lyn Alden Expects Liquidity Improvement
Alden predicts a positive outlook for liquidity in 2024 and 2025, which could benefit risk-on assets like Bitcoin. She envisions a scenario where Bitcoin experiences a rally of approximately 340% from its current price levels before the end of 2025. However, she hesitates to guess where the price will end up.
Analyst Expects Bitcoin to Reach $1 Million After ETF Approval
Samson Mow, CEO of Jan3, believes that Bitcoin has the potential to skyrocket to $1 million within days or weeks following the approval of a spot Bitcoin ETF. He attributes this potential surge to limited supply on exchanges and increased institutional investment. The combination of these factors could drive the price to unprecedented levels in a short period of time.
Hot Take: Bullish Outlook for Bitcoin
Lyn Alden and Samson Mow both express optimistic views on Bitcoin’s future price performance. Alden believes that $100,000 would be disappointing for this bull market cycle and targets $200,000 or more over the next two-plus years. Mow expects Bitcoin to reach $1 million after an ETF approval due to limited supply and increased institutional investment. These predictions highlight the potential for significant price increases in the cryptocurrency market.
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