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Optimism about Bitcoin’s future prospects remains strong, with one crypto analyst predicting a massive $100,000 price increase for the pioneering cryptocurrency. With expectations of an even bigger price increase, the analyst believes an ATH of $100,000 for Bitcoin in 2025 is a nominal price target.
Why Bitcoin will rise to $100,000 by 2025
Luke Broyles, a prominent crypto analyst and Bitcoin enthusiast, recently dove into a discussion about the relationship between Bitcoin’s price and inflationspecifically, how inflation in the United States (US) affects the value of the cryptocurrency over time. The analyst argues that by 2025 the nominal price of Bitcoin could reach $100,000 due to inflation. However, the magnitude of this price increase would hardly reach 2021 levels.
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Before he made his $100,000 bullish forecastBroyles predicted that Bitcoin could soon rise to $65,000. He compared his expected price jump to Bitcoin’s all-time high in 2021, which was above $69,000.
According to the analyst, the real value for the 2021 ATH, adjusted for inflation, is actually $83,000 in today’s market. This implies that even if the current value of Bitcoin increases new levels around $65,000the cryptocurrency would not have the same purchasing power as in 2021.
Broyles has predicted that more money printing is likely in the next six to eight months, potentially driving up inflation further. He then predicts that this rise in inflation could be a catalyst for the push Bitcoin’s price up to $95,000.
In response to the analyst’s predictions, a member of the crypto community questioned his analysis of Bitcoin’s future trajectoryhighlighting that a $95,000 price increase was bearish.
Another crypto member claimed That inflation in the US is much higher than what is reported, and states that “the real Bitcoiners” believe inflation is at least 21% per year, and therefore Bitcoin should be worth $210,000. In response to the member, Broyles expressed skepticism about the 21% inflation claim, but conceded that inflation could be as high as 12%, 14% and 16% annually.
In a previous post, Broyles analyzed the current status of the Bitcoin bull market. According to the analyst, the market cycle has reached the halfway point, with 50% of the expected timeline completed and 40% of potential returns achieved. Additional, Bitcoin market sentiment has only developed at 10% and Fear Of Missing Out (FOMO) has barely started, at just 5%.
Analyst predicts next BTC top
On September 24, crypto analyst Ali Martinez said predicted Bitcoin is next market at the top in this cycle. According to Martinez, if Bitcoin’s Long Term Power Law is true, the market can expect the cryptocurrency’s next peak to reach $400,000.
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The Bitcoin Power Law is a concept or theory that suggests a specific mathematical relationship between the price of Bitcoin and its value market behavior or adoption. At the time of writing, Bitcoin’s price is trading at $63,807, reflecting an increase of 8.76% in the past week.
Featured image created with Dall.E, chart from Tradingview.com