Macro Guru Lyn Alden Says $100,000 Bitcoin Would Be Disappointing for Bull Market Cycle – Here’s Her Target
Common macro professional Lyn Alden believes {that a} peak of $100,000 for Bitcoin (BTC) through the subsequent market enlargement could be an underwhelming final result.
In a brand new interview on the What Bitcoin Did podcast, Alden says that the rise or fall of worldwide liquidity is a strong indicator of Bitcoin’s cycles.
Whereas Alden stresses the correlation between liquidity and BTC, she notes that the metric doesn’t provide any indication as to how excessive or low BTC’s worth might go.
“Bitcoin is extremely correlated with liquidity by way of course, however there’s little or no option to decide a worth from it. It’s probably not helpful for magnitude, so it’s not a kind of stock-to-flow fashions the place you’ll be able to say, ‘Okay, at this date it must be this worth.’
I believe that numerous that’s actually arduous to evaluate.”
Alden predicts {that a} “spectrum” of 2024 and 2025 can be “constructive for liquidity” and constructive for risk-on belongings like Bitcoin. She goes on to put out a situation the place Bitcoin rallies by about 340% from present costs earlier than the tip of 2025.
“My base-case expectation is for brand new all-time highs, hopefully over $100,000, so hopefully six figures. However then actually that vary… that vary is totally affordable. I’d truly be hesitant to guess the place that finally ends up.
I believe that one thing like $100,000 plus could be type of disappointing for a bull market cycle, particularly after the prior bull market cycle was on the disappointing finish, too.
So I’d type of hope for $200,000 or extra over the following two-plus years.”
At time of writing, Bitcoin is buying and selling for $45,595, up over 6% within the final 24 hours.
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