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.
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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.
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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.
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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.
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Alexander Stefanov
