Well-known macro expert and crypto veteran Lyn Alden believes that a peak of $100,000 for Bitcoin (BTC) during the next bull market would be a rather underwhelming outcome for the ongoing bullish cycle. Alden shared her thoughts on Bitcoin’s future price trajectory in a recent interview on the What Bitcoin Did podcast. She emphasized the correlation between global liquidity and Bitcoin’s cycles, stating that the rise or fall of liquidity serves as a reliable indicator of Bitcoin’s performance.
“While liquidity offers a directional insight, estimating the magnitude of price movements is more challenging,” Alden said. She suggests that traditional models like stock-to-flow, which provide specific price predictions at certain dates, may not be as applicable to Bitcoin’s nature. Alden predicts a positive outlook for liquidity in the years 2024 and 2025, which could also benefit risk-on assets like Bitcoin.
Bitcoin’s Rally and Price Projections
Alden envisions a scenario where Bitcoin experiences a rally of approximately 340% from its current price levels before the end of 2025.
“My base-case expectation is for new all-time highs, hopefully over $100,000, so hopefully six figures. But then literally that range… that range is entirely reasonable. I’d actually be hesitant to guess where that ends up,” Alden said.
At the time of writing, Bitcoin is trading at $45,200, down by almost 1% over the past day.
Samson Mow, CEO of Jan3, believes Bitcoin has the potential to skyrocket to $1 million within a matter of days to weeks following the approval of a spot Bitcoin ETF. He said the combination of limited Bitcoin supply on exchanges and a surge of institutional investment will drive the price to unprecedented levels in a remarkably short period of time.
“You’re hitting a very limited supply of Bitcoin on the exchanges and available for purchase with a torrent of money,” Mow stated.
Mow highlighted the inflow of institutional capital that is expected to accompany the approval of a spot ETF, stating that there will be a torrent of money seeking to purchase the limited available Bitcoin on exchanges. The surge in demand, coupled with the scarcity of supply, could result in a rapid and substantial price increase.
