Optimism surrounding Bitcoin’s future remains robust, with a notable crypto analyst predicting a substantial $100,000 price increase for the pioneering cryptocurrency. Expectations of even greater price surges continue to rise, with the analyst suggesting that this $100,000 all-time high (ATH) for Bitcoin by 2025 is a conservative target.
Crypto analyst and Bitcoin enthusiast Luke Broyles recently explored the connection between Bitcoin’s price and inflation, particularly focusing on how US inflation influences the cryptocurrency’s value over time. Broyles argues that by 2025, Bitcoin’s nominal price could hit $100,000 due to inflationary pressures. Despite this, he notes that the magnitude of this rally would barely reach the levels seen in 2021.
Before making his bullish $100,000 forecast, Broyles anticipated that Bitcoin could climb to $65,000 in the near term. He drew a comparison to Bitcoin’s 2021 ATH, which soared above $69,000. According to Broyles, the real value of the 2021 ATH, when adjusted for inflation, translates to $83,000 in today’s market. This adjustment suggests that even if Bitcoin’s value ascends to around $65,000, the purchasing power wouldn’t match that of 2021.
Broyles projected that there would likely be more money printing in the next six to eight months, potentially exacerbating inflation. He believes this increase in inflation could act as a catalyst, propelling Bitcoin’s price to $95,000. However, his analysis met some skepticism within the crypto community. A member questioned the feasibility of a $95,000 price target, labeling it as bearish.
Another crypto enthusiast claimed that US inflation is significantly underreported, estimating it at 21% annually. According to this view, Bitcoin should be valued at $210,000. Broyles responded with skepticism towards the 21% inflation estimate but conceded that inflation could realistically be as high as 12%, 14%, or even 16% annually.
In earlier remarks, Broyles assessed the current state of the Bitcoin bull market. He suggested that the market cycle is halfway through, with 50% of the timeline completed and 40% of potential returns already achieved. Additionally, he noted that Bitcoin’s market sentiment has only developed by 10%, with Fear Of Missing Out (FOMO) barely starting at just 5%.
On September 24, another crypto analyst, Ali Martinez, projected Bitcoin’s next market peak in this cycle. Martinez suggested that if Bitcoin’s Long Term Power Law holds, the cryptocurrency could reach a zenith of $400,000. The Bitcoin Power Law is a theory proposing a mathematical relationship between Bitcoin’s price and its market behavior or adoption.
As of this writing, Bitcoin is trading at $63,807, marking an 8.76% increase over the past week.
