Real Vision’s 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’s The Journey Man YouTube channel, Coutts says that Bitcoin could explode to six-figure territory as the global money supply increases.
“My 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’m placing as a potential outcome but a very low probability outcome. My proportionality forecast is $170,000.”
The crypto analyst further says there are “more optimistic scenarios” where Bitcoin could skyrocket to up to $234,000 and even higher.
“The 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…
