says<\/a> that Bitcoin could explode to six-figure territory as the global money supply increases.<\/p>\n\u201cMy base case is if we just look at global M2 (money supply) and back it out to August which was where the Bitcoin cycle peaks, that infers a price of about $100,000 on Bitcoin. I\u2019m placing as a potential outcome but a very low probability outcome. My proportionality forecast is $170,000.\u201d<\/em><\/p>\nThe crypto analyst further says there are \u201cmore optimistic scenarios\u201d where Bitcoin could skyrocket to up to $234,000 and even higher.<\/p>\n
\u201cThe question is what probability do you assign to each of those potential outcomes to come up with some sort of grounded probability-weighted projection. And so as I mentioned, global M2 regression line of $100,000 is sort of like my base case or worst case. And then all I\u2019ve done is I\u2019ve looked at these other potential outcomes and assigned a probability.<\/em><\/p>\nI don\u2019t think Bitcoin is going to go parabolic to $500,000 this cycle. I see $500,000 in the future, not this cycle. So it\u2019s a very low probability. And the outcome is just this probability-weighted market forecast of 189,000 for Bitcoin by August of next year, which will give it a market cap of around $3.75 trillion.\u201d<\/em><\/p>\nAccording to Coutts, Bitcoin has a 15% probability of hitting $100,000 by around mid-August of 2025. Over the same period, Bitcoin has a 60% chance of reaching $170,335, a 20% chance of skyrocketing to $234,000 and a 5% chance of hitting $500,000.<\/p>\nSource: Jamie Coutts\/YouTube<\/figcaption><\/figure>\nBitcoin is trading at $66,633 at time of writing.<\/p>\n
Generated Image: Midjourney<\/em><\/p>\n<\/p><\/div>\n Crypto News Bot Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Real Vision\u2019s chief crypto analyst Jamie Coutts is saying that Bitcoin (BTC) could witness an over 155% surge from current levels during this market cycle. In an appearance on Raoul Pal\u2019s The Journey Man YouTube channel, Coutts says that Bitcoin could explode to six-figure territory as the global money supply increases. \u201cMy base case is<\/p>\n","protected":false},"author":1,"featured_media":816586,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[64,63],"tags":[11476],"class_list":["post-816585","post","type-post","status-publish","format-standard","has-post-thumbnail","category-chance","category-theres","tag-bitcoins"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/816585","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=816585"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/816585\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/816586"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=816585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=816585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=816585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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