Jamie Coutts, the head cryptocurrency analyst at Real Vision, has suggested that Bitcoin could potentially see a substantial increase of over 155% during this market cycle. Coutts discussed different price scenarios and shared his expected price targets and probabilities in an interview on Raoul Pal’s The Journey Man YouTube channel.
Coutts attributed the potential rise of Bitcoin to the increase in global money supply. He analyzed various potential scenarios for Bitcoin’s future price movements. Taking into account the global M2 money supply, Coutts proposed that Bitcoin could reach approximately $100,000 by August 2025. However, he acknowledged that this scenario has a low probability. As a more likely forecast, he anticipates Bitcoin could reach $170,000.
While Coutts does not believe Bitcoin will experience a parabolic rise to $500,000 in this cycle, he does see that level as a possibility in the future, though with low probability for this particular cycle.
The analyst identified four main price targets for Bitcoin. He assigned a 15% probability to the $100,000 target, a 60% probability to $170,335, a 20% probability to $234,000, and a 5% probability to $500,000.
At the time of writing, Bitcoin was trading at $67,100. According to Coutts’s predictions, these price levels could potentially be achieved within the next two and a half years.
Coutts also mentioned that Bitcoin’s market capitalization could reach around $3.75 trillion by August 2025. These predictions could serve as important reference points for participants in the Bitcoin market. However, given the volatility of cryptocurrency markets, caution is advised.
Please note that the information provided in this article should not be considered as investment advice. Investors should be aware of the high volatility and risks associated with cryptocurrencies and conduct their own research.