Bitcoin While it made investors happy by exceeding $50,000, it increased risk appetite and created new ATH raised its expectations.
While some analysts said that $50,000 was the local peak and predicted a decline from here, some analysts shared that they expected a further rise in BTC.
One of those who expected an increase was analyst Tuur Demeester, who successfully predicted the 2021 peak.
One of the first supporters of Bitcoin Tuur Demeester said he thinks Bitcoin will rise to $600,000 by 2026.
Announcing his prediction from account
The analyst stated that the Bitcoin halving, which is expected to take place in April, ETF approval and the rescue measures announced after the banking crises will be effective in this rise.
“I expect Bitcoin to rise to $600,000 by 2026.
I think that the Bitcoin halving in April and the newly launched Bitcoin spot ETFs will be effective in this rise.
We are optimistic about the price increase in Bitcoin due to the halving and ETF approvals. Additionally, global rescue and incentive packages announced after a possible banking crisis may also have an impact on the rise.
Bitcoin rose to $50,000 in less than a month. I expect retail investors to wake up and BTC purchases to increase.
Remember, there is no fire like Bitcoin fire.”
Tuur Demeester, one of the early Bitcoin supporters, correctly predicted that BTC’s all-time high would be between $50,000 and $100,000 in 2020.
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
*This is not investment advice.
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