Famous macroeconomist and investment strategist Lyn Alden predicted that macroeconomic conditions could give Bitcoin a $200,000 bull market in 2024.
Lyn Alden created excitement among Bitcoin investors with her statements for the podcast called What Bitcoin Did. alden 2024 is the bull year for Bitcoin as a justification stating that it may be stabilization of global liquidity And inflation gradually falling showed.
Alden, who also made remarkable predictions about the Bitcoin price, 100 thousand dollars He stated that it would not satisfy him. When all the factors come together 200 thousand dollar peak Emphasizing that he would like to see the level, the macroeconomist reminded that it would still be difficult to make a price prediction.
Alden examined the price of Bitcoin in logarithmic form and analyzed the price of the cryptocurrency. that its performance in recent years can be better understood he emphasized. According to this analysis, the price of Bitcoin is maintain a stable upward trend in the long term continues.
On the other hand, he stated that the stabilization of global liquidity is a factor that supports the price of Bitcoin. US Federal Reserve (FED) Interest rate increases caused global liquidity to decrease. However, this situation US Treasury Department This was partially offset by increased bond sales.
Alden also The decrease in inflation will also support the price of Bitcoin predicted. According to the experienced name, the decrease in inflation will increase investors’ interest in risky assets and Bitcoin will receive the largest share of this interest.
According to CoinGecko data, in the last 24 hours 5.1% Bitcoin losing value at the time of writing from $42,939 is being traded.