This market cycle, Guy Turner, host of the Coin Bureau YouTube channel, Bitcoin He stated that he believed that the price could reach approximately $200,000.
Turner suggested to his 2.42 million YouTube subscribers that the highest crypto holdings in history could possibly rise to six figures this cycle.
According to him, there are two major catalysts that will increase the price of BTC. One of these is the upcoming halving event, which will halve miners’ rewards; the other is the monetary policy of the Federal Reserve. Turner points out that in the past, Bitcoin entered a parabolic rally following the halving event.
Additionally, Turner emphasizes that the Federal Reserve’s continued printing of money will contribute to the rise of Bitcoin. According to Turner, after the expected halving event around April 20, it is believed that BTC could increase by approximately 190% from its current value.
“To put this in perspective, the US Federal Reserve increased the money supply by approximately 40% between 2020 and 2022. It is generally accepted that this huge increase was the main driver of the previous market rally…
Based on the diminishing returns BTC has seen in previous cycles, a historical analysis of prices unadjusted for inflation predicts a BTC price between $120,000 and $140,000. But if we take into account the 40% inflation caused by all the money printing during the pandemic, it would have cost almost $200,000 at the peak of the cycle. Bitcoin price It may be possible.”
