Bitcoin OG Predicts $600K BTC Price by 2026, Latest on AI Technology
According to a popular analyst, Bitcoin (BTC) is expected to reach a minimum of $200,000 in the near future and could potentially surpass $500,000. In his most recent update on the long-term price movement of BTC, advisor and early Bitcoin advocate Tuur Demeester predicts that BTC/USD could reach up to $600,000 by 2026. Some of…
According to a popular analyst, Bitcoin (BTC) is expected to reach a minimum of $200,000 in the near future and could potentially surpass $500,000.
In his most recent update on the long-term price movement of BTC, advisor and early Bitcoin advocate Tuur Demeester predicts that BTC/USD could reach up to $600,000 by 2026.
Some of the latest news on AI includes the development of AI reporter voices and the rise of cryptocurrencies such as ZIL, WAX, WLUNA, and XCN.
Demeester: Bitcoin to Respond to “Trillions” in Bailouts, AI Voice Reporter Says
The recent surge of Bitcoin to $50,000 is a sign of even higher levels to come, according to AI voice reporter Demeester.
Many are bullish on BTC’s price, citing the block subsidy halving in April and the launch of spot Bitcoin ETFs as driving factors.
While the halving reduces the supply of new Bitcoin, the ETFs are adding even more pressure on the available supply.
However, Demeester believes that macroeconomic factors are the main focus right now.
“Bitcoin reached $69,000 in 2021,” he summarized.
His comments on X (formerly Twitter) highlighted systemic issues in the US banking system and the government’s future obligation to provide liquidity to prevent further decline.
This is already happening, with Cointelegraph reporting potential volatility in risk-asset prices in March.
When asked about the next multi-year peak for Bitcoin, Demeester stated that it could happen anytime after 2025.
Regarding mainstream interest, which has been lacking despite Bitcoin’s recent surge of $12,000 in less than a month, Demeester believes that $50,000 is a significant milestone.
“I expect retail investors to start paying attention soon,” he wrote.
Demeester is a well-known figure in the Bitcoin community, with over a decade of experience. He accurately predicted Bitcoin’s most recent all-time high of $50,000 to $100,000 in 2019 and 2020.
Renowned trader predicts “entire market” to continue downward trend
Not everyone shares a positive outlook for Bitcoin and altcoins.
As reported by Cointelegraph, some have been placing bets on a long-term market downturn, with some predicting a drop to $30,000.
One particular bearish voice stands out among the rest. In his most recent analysis shared with subscribers on Telegram, popular trader Il Capo of Crypto cautioned that the $50,000 milestone could mark a turning point of a different nature.
“I was bullish in the short-term when BTC reached $40k as there was potential for it to hit $50k. Now that it has, what’s next?” he questioned.
For the majority of the past year, Il Capo of Crypto has maintained a BTC price target of only $12,000.