Real Vision’s chief crypto analyst, Jamie Coutts, has made some bold predictions about the future of Bitcoin (BTC) in the current market cycle. Coutts believes that Bitcoin could experience a significant surge of over 155% from its current levels.
During an appearance on Raoul Pal’s The Journey Man YouTube channel, Coutts expressed his views on Bitcoin’s potential price movements. He suggested that Bitcoin could reach six-figure territory as the global money supply continues to increase.
Coutts stated, “My base case is if we just look at global M2 (money supply) and back it out to August which was where the Bitcoin cycle peaks, that infers a price of about $100,000 on Bitcoin. I’m placing it as a potential outcome but with a very low probability. My proportional forecast is $170,000.”
The crypto analyst also mentioned that there are more optimistic scenarios where Bitcoin could skyrocket to as high as $234,000 and even beyond. He explained, “The question is what probability do you assign to each of those potential outcomes to come up with some sort of grounded probability-weighted projection. And so as I mentioned, global M2 regression line of $100,000 is sort of like my base case or worst case. And then all I’ve done is I’ve looked at these other potential outcomes and assigned a probability.”
Coutts dismissed the idea of Bitcoin going parabolic to $500,000 in this cycle, stating that he sees $500,000 as a future target, not in the current cycle. His probability-weighted market forecast projects Bitcoin to reach $189,000 by August of next year, giving it a market cap of around $3.75 trillion.
According to Coutts, Bitcoin has a 15% probability of hitting $100,000 by mid-August of 2025. Over the same period, Bitcoin has a 60% chance of reaching $170,335, a 20% chance of surging to $234,000, and a 5% chance of hitting $500,000.
As of the time of writing, Bitcoin is trading at $66,633.
In conclusion, Jamie Coutts’ analysis paints a bullish picture for Bitcoin’s future price potential, with the possibility of reaching significant milestones in the coming years. Investors and crypto enthusiasts will be closely watching to see if these predictions come to fruition.