2024

Bitcoin

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 Macro analyst Lyn Alden said that a $100,000 peak for Bitcoin in the next bull cycle would be underwhelming and hopes it will hit $200,000 or higher over about the next two years .
 “I think that something like $100,000 plus would be kind of disappointing for a bull market cycle, especially after the prior bull market cycle was on the disappointing end, too,” said Alden in an interview on the What Bitcoin Did podcast.
 “My base-case expectation is for new all-time highs, hopefully over $100,000,” said Alden, head of Lyn Alden Investment Strategy. “That range is entirely reasonable. I’d kind of hope for $200,000 or more over the next two-plus years.”&nbsp;
 <img decoding="async" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%200%200'%3E%3C/svg%3E" alt="Lyn Alden: 3 Assets for Economy's 'More Severe Scenarios' | Moneywise" data-lazy-src="https://cdn.thebittimes.com/images/2024/01/03/b3a3f208ef737398733dba39e87ef7c2.webp">
 <noscript><img decoding="async" src="https://cdn.thebittimes.com/images/2024/01/03/b3a3f208ef737398733dba39e87ef7c2.webp" alt="Lyn Alden: 3 Assets for Economy's 'More Severe Scenarios' | Moneywise">
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 <h2 id="span-style-font-weight-400-bitcoin-s-cycles-correlate-with-global-liquidity-cycles-span">Bitcoin’s Cycles Correlate With Global Liquidity Cycles</h2>
 Alden, author of the book “Broken Money,” believes that the rise and fall of global liquidity is a strong indicator of Bitcoin’s cycles even though she says the metric can’t show exactly how high the Bitcoin price could rise.&nbsp;
 “Bitcoin is highly correlated with liquidity in terms of direction, but there’s very little way to judge a price from it,”&nbsp; she said. “It’s not really useful for magnitude, so it’s not one of those stock-to-flow models where you can say, ‘Okay, at this date it should be this price.’
 
 <div class="rll-youtube-player" data-src="https://thebittimes.com/image/getimage/?url=https://www.youtube.com/embed/G4m1P0_yMJ8" data-id="G4m1P0_yMJ8" data-query="feature=oembed" data-alt="2024, the Year of the Bitcoin Bull with Lyn Alden"></div>
 <noscript><iframe title="2024, the Year of the Bitcoin Bull with Lyn Alden" width="640" height="360" src="https://thebittimes.com/image/getimage/?url=https://www.youtube.com/embed/G4m1P0_yMJ8?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>
 </noscript>
 
 She predicted that there will be an increase in liquidity between 2024 and 2025, which could lead to positive price movements for risk-on assets such as Bitcoin and other cryptos. Alden went on to share a scenario where the Bitcoin price rallies by around 340% from its current prices before the end of 2025.&nbsp;
 The Bitcoin price underwent a slight correction in the past 24 hours, according to CoinMarketCap. As a result, the leading cryptocurrency was changing hands at around $45,410 as of 4:55 AM EST. 
 Despite this latest drop in price, BTC was still up more than 6% on the weekly timeframe. The king of cryptocurrencies has surged 13% in a month and 167% in the past year.
 <h3 id="span-style-font-weight-400-related-articles-span">Related Articles:</h3>
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 <li style="font-weight: 400">https://www.linkedin.com/pulse/5-new-cryptocurrency-invest-2024-promising-1000x-calsona-0krue/</li>
 </ul>
 Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/top-macro-analyst-says-100k-bitcoin-price-would-be-disappointing-in-next-bull-run-hopes-for-200k-tbt75447.html">https://thebittimes.com/top-macro-analyst-says-100k-bitcoin-price-would-be-disappointing-in-next-bull-run-hopes-for-200k-tbt75447.html</a>
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Top Macro Analyst Says $100K Bitcoin Price Would Be ‘’Disappointing’’ In Next Bull Run, Hopes For $200K

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