Real Vision’s chief cryptocurrency analyst, Jamie Coutts, believes that Bitcoin could experience a significant surge of over 155% in this market cycle. Speaking on Raoul Pal’s The Journey Man YouTube channel, Coutts suggests that Bitcoin could reach six-figure territory as the global money supply continues to increase. He bases his analysis on the global M2 (money supply) and projects a price of around $100,000 for Bitcoin. However, Coutts considers this to be a low probability outcome. His proportional forecast places the price at $170,000. Coutts also mentions more optimistic scenarios where Bitcoin could even reach $234,000 or higher.

When considering these potential outcomes, Coutts emphasizes the importance of assigning probabilities to each. He believes that Bitcoin is unlikely to reach $500,000 during this cycle, but sees it as a possibility in the future. His market forecast, weighted by probabilities, suggests a Bitcoin price of $189,000 by August of next year, which would give it a market cap of approximately $3.75 trillion.

Coutts provides specific probabilities for various price levels. He assigns a 15% probability for Bitcoin to reach $100,000 by mid-August 2025, a 60% probability for it to reach $170,335, a 20% probability for it to reach $234,000, and a 5% probability for it to reach $500,000.

At the time of writing, Bitcoin is trading at $66,633. It is important for investors to conduct thorough research before making high-risk investments in Bitcoin or other cryptocurrencies. The Daily Hodl does not provide investment advice and is not an investment advisor.