Legendary Bitcoiner, macroeconomist and investor Tuur Demeester, editor-in-chief of Adamant Research, indicated some details of the upcoming bull market. Here’s why it will be different from the 2021 rally.
Legendary Bitcoiner, macroeconomist and investor Tuur Demeester, editor-in-chief of Adamant Research, indicated some details of the upcoming bull market. Here’s why it will be different from the 2021 rally.
Between $200,000 and $600,000 by 2026: Bitcoin (BTC) price targets according to Tuur Demeester
By 2026, the price of Bitcoin (BTC), the largest cryptocurrency, could reach levels between $200,000 and $600,000 per coin. This incredible 4-12x rally will be fueled by trillions in cash from various bailouts and stimulus programs.
Such an optimistic forecast was shared by the author of the “Bitcoin reform” theory with his 264,000 followers on X (formerly Twitter).
Unlike many Bitcoin (BTC) bulls, he highlights that the “awakening” of retail trading will be of utmost importance to the Bitcoin (BTC) rally, not institutional participation.
Therefore, Demeester added a warning for those retail investors interested in a possible Bitcoin (BTC) rally above $500,000:
Keep in mind one of the most important lessons of bitcoin: be careful with debt and possible overexposure, because its volatility will easily give you whiplash.
In mid-December 2023, as previously reported by Guru-Investinghe predicted that Bitcoin (BTC) would end the cycle “well above” $120,000.
Two BTC price spikes instead of one?
It is worth noting that Bitcoin OG masterfully predicted the end of the 2021 bull rally two years before Bitcoin (BTC) hit $69,000.
Strike CEO Jack Mallers strongly agreed with the forecast, while other Bitcoiners added that BTC could rise even further if governments continue to crack down on altcoins.
Furthermore, Demeester stated that the current bullish cycle could have two parts, as occurred in 2013. This, in turn, could lengthen it longer than the rallies of 2017 and 2021.
