Expert Who Predicted 2021 Bitcoin Peak Expects $600,000 By 2026
13 Février 2024 - 8:30PM
NEWSBTC
Tuur Demeester, a Bitcoin OG and researcher for Adamant Research
shared his bullish outlook for Bitcoin via X (formerly Twitter),
anticipating its price could escalate to between $200,000 and
$600,000 by 2026. Demeester’s prediction is predicated on the
influx of trillions of dollars through global bailouts and stimulus
measures, which he believes will significantly propel Bitcoin’s
valuation. He remarked via X (formerly Twitter), “In ’21 bitcoin
topped at $69k. I’m targeting $200-$600k by 2026. Fueled by $
trillions in global bailouts/stimulus,” indicating a strong
conviction in the cryptocurrency’s future amidst expansive monetary
policies. In '21 bitcoin topped at $69k. I'm targeting $200-$600k
by 2026. Fueled by $ trillions in global bailouts/stimulus.
https://t.co/ULslIMgzee — Tuur Demeester (@TuurDemeester) February
12, 2024 In response to the question of whether the Bitcoin price
will peak in 2025 or 2026, Demeester added: “It’s hard to say. We
might get a bull cycle in two parts, like in 2013 – that could draw
it out longer.” Demeester’s track record lends weight to his
forecasts. Notably, in September 2019, he accurately anticipated
the previous bull run’s momentum, suggesting Bitcoin could reach
$50,000 to $100,000. The reality surpassed expectations as Bitcoin
peaked above $69,000 in November 2021, validating his prediction
range’s upper end. Why The Bitcoin Rally Is Far From Over Adding
depth to his latest prediction, Demeester pointed to Google trends
data, which often serves as a barometer for retail investor
interest in Bitcoin. Despite Bitcoin hitting $50,000 yesterday,
Yassine Elmandjra, a researcher at Ark Invest, highlighted that
Google search volumes relative to Bitcoin’s price are at all-time
lows, suggesting a lack of widespread retail frenzy at this stage.
Bitcoin hit $50k. Meanwhile, Google search volumes relative to
price are at all time lows. This is a new era.
pic.twitter.com/8DnsadIclt — Yassine Elmandjra (@yassineARK)
February 12, 2024 This observation led Demeester to suggest, “I
expect for retail to start waking up soon. Remember, there is no
fever like Bitcoin fever,” indicating his anticipation of a surge
in retail engagement once Bitcoin’s price momentum gathers pace.
Related Reading: Grayscale Claims ‘Next Bitcoin Halving Is
Different’: What’s Changed? Demeester also shared sage advice for
investors, cautioning against the perils of debt and overexposure
given Bitcoin’s notorious volatility. He emphasized the
psychological resilience required to ‘HODL’ through market
turbulence, stating, “The HODL attitude requires psychological
& emotional work. The unprepared investor cannot sit tight,
only the one who has worked to imagine the market relentlessly
punching him in the face.” Addressing inquiries about the future
trajectory of Bitcoin, Demeester expressed uncertainty regarding
the continuation of the four-year cycle pattern, suggesting that
market dynamics are too complex for such predictable cycles to
persist indefinitely. “I don’t know if the four-year cycle will
hold. That sounds too good to be true tbh. All patterns seem to
eventually break,” he commented, highlighting the unpredictable
nature of markets. Related Reading: CryptoQuant Founder Puts
$112,000 Target For Bitcoin This Year On the topic of the
anticipated economic bailouts, Demeester clarified his stance,
pointing to the unsustainable fiscal practices of banks and
governments as a catalyst for monetary expansion. “Of banks and
governments. For example, the US government today is already
spending more on interest payments than on their military. Only way
to keep going is to print an ocean of money,” he explained,
providing a grim outlook on the financial stability of key
institutions and the potential for BTC to benefit from these
conditions. Money Printing = Numbers Go Up To understand
Demeester’s claims, it’s essential to understand the broader
economic dynamics at play. Economic stimulus packages and bailouts,
particularly in response to crises, inject liquidity into financial
markets, potentially devaluing fiat currencies through inflation.
Hard assets like Bitcoin, with their capped supply, stand in
contrast to potential inflationary pressures, offering a hedge
against currency devaluation. This dynamic, coupled with increasing
institutional adoption by spot ETFs and the growing recognition of
Bitcoin as a ‘digital gold,’ could send BTC’s value to
unprecedented heights, aligning with Demeester’s projections. At
press time, BTC traded at $49,856. Featured image created with
DALL·E, chart from TradingView.com
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