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’s ownership landscape has shifted, with two institutions—BlackRock and MicroStrategy—now jointly holding more BTC than Bitcoin’s mysterious creator, Satoshi Nakamoto.
Bitcoin (BTC) managed to surge past the price mark of $89,000, as investors flock to the cryptocurrency amidst traditional market turbulence and increasing political uncertainties.
Bitcoin exchange-traded funds in the U.S. saw a major resurgence on April 21, marking their strongest day for net inflows in nearly three months.
Tokyo-based Metaplanet has continued its aggressive Bitcoin strategy, now holding over $400 million in BTC following its latest acquisition.