Why a $100,000 Bitcoin Might Disappoint Lyn Alden in the Next Bull Market

• Crypto expert Lyn Alden predicts Bitcoin could reach over $100,000, aiming for $200,000 in the next two years.

• Liquidity and Bitcoin’s cycles are closely linked, but liquidity doesn’t precisely indicate Bitcoin’s price levels.

Cryptocurrency experts and analysts have recently voiced their opinions on the future price trajectory of Bitcoin (BTC), offering diverse perspectives on what investors can expect in the coming years. These insights come amid ongoing market volatility and growing interest in digital assets.

Bitcoin’s Future Price Predictions

In her podcast interview, renowned macro specialist and seasoned crypto veteran Lyn Alden expressed her belief that a Bitcoin price peak of $100,000 during the next market expansion would be underwhelming. She emphasized that shifts in global liquidity are reliable predictors of fluctuations in the price of Bitcoin by pointing out the relationship between the two. Alden did, however, issue a warning: while liquidity provides information about the direction of Bitcoin’s price, it does not clearly show where the price should go.

Although Lyn Alden emphasized the importance of liquidity as a statistic, she also discussed the difficulties in accurately predicting the price of Bitcoin using this measure. She compared liquidity to stock-to-flow models, which are useful for predicting specific prices on specific days but may not be as appropriate for evaluating the distinctive qualities of Bitcoin.

She stated, ‘

“Bitcoin is highly correlated with liquidity in terms of direction, but there’s very little way to judge a price from it. It’s not really useful for magnitude, so it’s not one of those stock-to-flow models where you can say, ‘Okay, at this date it should be this price.’”

Positive Liquidity Trends Expected in 2024 and 2025

Alden gave her optimistic prediction for liquidity in 2024 and 2025, implying that riskier assets like Bitcoin would profit from this trend. According to her scenario, before the end of 2025, Bitcoin’s price might increase by about 340% from its current levels.

In the worst-case scenario, Lyn Alden anticipates that Bitcoin will reach new all-time highs, ideally surpassing $100,000. However, she stated that she wanted to see Bitcoin hit $200,000 or higher in the ensuing two to three years. Given the past cycles’ lackluster performance, she thinks a $100,000 or more price level may be considered unsatisfactory for a bull market cycle.

Jan3 CEO Samson Mow, on the other hand, is more optimistic. After a spot Bitcoin ETF is approved, he thinks the price of Bitcoin may rise to $1 million in days or weeks. Mow’s reasoning revolves around the interplay between a spike in institutional investment and a finite amount of Bitcoin available on exchanges. Once a spot ETF establishes itself, he anticipates that institutional capital will swiftly and significantly drive up the price.

Market Sentiment and Outlook

At the time of writing, Bitcoin is trading at $44,969.46, exhibiting slight fluctuations in its price over the past day of 2%. Over the past 30 days, Bitcoin has seen a 14.2% increase, and its price has surged by 171% over the last year.

For several months now, anticipation over the introduction of spot Bitcoin exchange-traded funds (ETFs) has significantly influenced the price of Bitcoin. Recent reports, including one from Reuters, have sparked anticipation that a Bitcoin ETF may soon receive regulatory clearance.

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