A popular crypto analyst is revisiting his Bitcoin price predictions for the end of this year, as the cryptocurrency continues to battle through a correction.
He suggests that Bitcoin’s future value may be influenced by a specific economic metric—the global M2 money supply, which tracks the flow of money in the financial system.
According to his analysis, even a small fraction of this newly created money flowing into Bitcoin could significantly push its price higher. He estimates that if just 0.5% of the expanding money supply were allocated to Bitcoin, it could drive the price up to around $115,000.
The analyst also considers the possibility of a more optimistic scenario. He explains that if 1% of the new money supply finds its way into Bitcoin, the price could rise to approximately $146,000. However, he remains skeptical of more extreme projections, such as Bitcoin reaching $250,000 or half a million by year-end, pointing out that such a jump is unlikely under current conditions.
His target for Bitcoin’s price has consistently been between $119,000 and $120,000, a figure he has held since 2023. He cautions that Bitcoin’s price trajectory will depend not just on the money supply, but also on how global economic actors, including nation-states, approach Bitcoin adoption. The analyst suggests that a major shift could happen if a country were to start printing its own currency to acquire Bitcoin, which would potentially skyrocket the price beyond expectations.
For now, his outlook is more measured, with $115,000 still considered a reasonable prediction, contingent on how the market evolves.
Bitcoin has dropped sharply to test its local range low near $115,000, with analysts pointing to renewed whale activity and long-dormant supply movements as key contributors to the decline.
Bitcoin has reached a critical milestone in its programmed supply timeline—only 5.25% of the total BTC that will ever exist remains to be mined.
Strategy the company formerly known as MicroStrategy, has announced the pricing of a new $2.47 billion capital raise through its initial public offering of Variable Rate Series A Perpetual Stretch Preferred Stock (STRC).
Traders are growing cautious, and the crypto mood is beginning to shift. Bitcoin has stalled near $115,500, and momentum is no longer as confident as it was earlier this month.