The macro guru Lyn Alden talked recently about the price of Bitcoin in this bull market. Check out the latest reports about this below.
Bitcoin price in the current bull market
Macro expert Lyn Alden recently stated that she considers a peak of $100,000 for Bitcoin (BTC) during the next market expansion to be an underwhelming outcome.
In a recent interview on the What Bitcoin Did podcast, Alden explained that the rise or fall of global liquidity is a reliable indicator of Bitcoin’s cycles.
While Alden stresses the correlation between liquidity and BTC, she also points out that the metric doesn’t provide any indication of how high or low BTC’s price could go.
“Bitcoin is highly correlated with liquidity in terms of direction, but there’s very little way to judge a price from it. 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.’
I think that a lot of that is really hard to judge.”
According to Alden, the year 2024 and 2025 will likely be positive for liquidity and risk-on assets like Bitcoin.
She predicts that Bitcoin may rally by approximately 340% from the current prices before the end of 2025.
“My base-case expectation is for new all-time highs, hopefully over $100,000, so hopefully six figures. But then literally that range… that range is entirely reasonable. I’d actually be hesitant to guess where that ends up.
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.
So I’d kind of hope for $200,000 or more over the next two-plus years.”
At time of writing, Bitcoin is trading for $45,595, up over 6% in the last 24 hours.