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Reading: Top Analyst’s Bold Prediction: 155% Bitcoin Surge Possible
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Deythere > News > News > Top Analyst’s Bold Prediction: 155% Bitcoin Surge Possible
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Top Analyst’s Bold Prediction: 155% Bitcoin Surge Possible

Bitcoin symbols with a digital financial background and multiple price targets such as 100000 and 170000 displayed. The backd
Benedikt Krüger
Last updated: October 26, 2024 10:27 am
By
Benedikt Krüger
Published October 26, 2024
2 Min Read
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Real Vision’s lead crypto analyst Jamie Coutts suggests Bitcoin could rally over 155% from its current levels during this market cycle.

Contents
  • Various Price Scenarios
  • Expected Price Targets and Probabilities

Various Price Scenarios

In a recent interview with Raoul Pal on The Journey Man YouTube channel, Coutts proposed that, with the rising global money supply, Bitcoin could break into six-digit territory. He explored several scenarios for Bitcoin’s future price movement and offered insight into potential outcomes.

Expected Price Targets and Probabilities

Taking the global M2 money supply into account, Coutts predicts that Bitcoin may reach around $100,000 by August 2025, though he sees this as a less likely outcome. Instead, he considers a target of $170,000 more probable.

projected upward trend for Bitcoin with Bitcoin symbols and price targets like 100000 and 170000 highlighted. The backgr

Coutts outlined four main price targets for Bitcoin, each with varying probabilities:

  • $100,000 with a 15% probability,
  • $170,335 with a 60% probability,
  • $234,000 with a 20% probability, and
  • $500,000 with only a 5% probability.

“I don’t believe Bitcoin will reach a parabolic high of $500,000 this cycle,” Coutts clarified. “However, it’s not impossible in the long term.”

As of this writing, Bitcoin trades at $67,100, and Coutts’ projections suggest these targets could be realized within the next two and a half years. If achieved, Bitcoin’s market cap could soar to approximately $3.75 trillion by August 2025.

For Bitcoin investors, these forecasts may serve as key reference points amid market fluctuations, though the volatility of crypto markets necessitates caution.

Bitcoin, price targets, Jamie Coutts, market cycle, global money supply

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ByBenedikt Krüger
Benedikt Krüger is a seasoned blockchain developer and cryptocurrency analyst with 10 years of experience in the field. Starting his career in software development, Benedikt quickly transitioned into blockchain technology, where he has worked on several pioneering projects, including the development of secure blockchain networks and decentralized platforms. His expertise includes blockchain security, cryptographic protocols, and the technical underpinnings of cryptocurrency systems. At DT NEWS, Benedikt provides readers with in-depth technical analysis and expert commentary on the latest trends in the blockchain and cryptocurrency industries, ensuring they stay ahead of the curve in this fast-paced sector.
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