A popular analyst came up with his Bitcoin prediction. Tuur Demeester predicts the price will hit at least $200,000 in the coming years and then could exceed half a million dollars. In his latest update on long-term BTC price action, advisor and early Bitcoin evangelist Tuur Demeester predicted BTC/USD as high as $600,000 by 2026. Here are the details…
Bitcoin prediction from Demeester: It will react to trillions
Bitcoin’s move to $50,000 this week comes amid renewed belief that higher levels are to come. Rising BTC price arguments focus on the cathartic impact of both April’s halving and newly launched spot Bitcoin exchange-traded funds (ETFs). While the first of these reduces the emission of new Bitcoins, the second puts additional pressure on the already existing supply.
But for Demeester, it’s macroeconomic factors that are on the radar. “In 2021, Bitcoin peaked at $69,000,” he summarized. “I target 200-600 thousand dollars by 2026. “It is backed by trillions of dollars of global bailout/stimulus,” he added. A series of subsequent comments on X (formerly Twitter) referenced systemic problems in the US banking system and the obligation of governments to provide liquidity to stem future declines.
Will risky assets experience volatility?
This reflects a process already underway. Experts report that there may be potential fluctuations in risky asset prices in March. When asked where he expects Bitcoin to hit its next multi-year peak, Demeester added that anywhere from 2025 is possible. He argued that $50,000 represents a turning point in mainstream interest, which has so far been lacking despite Bitcoin rising nearly $12,000 in less than a month.
Demeester said he expects retail investors to start waking up soon. Then, “Remember, there is no fire like Bitcoin fire.” he added. Demeester is known for his decade-long contributions to the Bitcoin world. Meanwhile, in 2019 and 2020, it correctly predicted the latest BTC price all-time high, which was between $50,000 and $100,000.
Not everyone expects a rise
Not everyone believes that the future is bright for Bitcoin and altcoins. Even last month, long-term “reversal” bets were increasing, including a drop to $30,000. A falling voice continues to stand out. In his latest analysis shared with Telegram channel subscribers, popular trader Il Capo of Crypto made a statement. He specifically warned that the $50,000 mark represents a different kind of turning point. He used the following statements:
I was short term bullish at $40k because there was a possibility of reaching $50k. He just got shot. What will happen now? I expect BTC to be rejected from the $50k level as altcoins continue to pump further and form a divergence. After this the entire market will reverse.
For most of the past year, Il Capo of Crypto was in decline. Because BTC kept its price target at only $ 12,000.
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