Jamie Coutts, the head crypto expert at Real Vision, has forecasted that Bitcoin might see a remarkable increase exceeding 155% within the current market cycle. This prediction was shared during an engaging conversation on Raoul Pal’s YouTube program, The Journey Man.
What Are the Various Price Scenarios?
Coutts elaborated on Bitcoin’s potential price trajectory, suggesting it could reach six figures due to the rising global money supply. He explored several possible scenarios for Bitcoin’s future market performance.
What Are the Likely Price Targets?
According to Coutts, looking at the global M2 money supply, Bitcoin’s price could approach $100,000 by August 2025; however, he emphasized this scenario’s low probability. Instead, he believes that a more realistic target would be approximately $170,000.
He expressed skepticism about Bitcoin achieving a parabolic surge to $500,000 during this cycle, labeling it a low-probability outcome. Coutts identified four key price targets, assigning a 15% likelihood to the $100,000 mark, 60% to $170,335, 20% to $234,000, and 5% to $500,000.
With Bitcoin currently priced at $67,100, Coutts predicts these milestones could arrive in the next two and a half years, with market capitalization potentially hitting around $3.75 trillion by August 2025.
- Bitcoin could rise over 155% in this market cycle.
- Price targets include $100,000 (15% chance) and $170,335 (60% chance).
- Current trading price is $67,100.
- Market cap might reach $3.75 trillion by mid-2025.
While these forecasts may provide valuable insights for market participants, it is crucial to approach them with caution, given the inherent volatility of cryptocurrency markets.