A crypto strategist with a large following believes that Bitcoin’s long-term potential is limitless, despite its recent price stagnation. Known as Pentoshi, the analyst shares his optimistic outlook with his 801,000 followers on the social media platform X. He acknowledges the possibility of a significant correction in Bitcoin’s price before it resumes its upward trajectory.

Pentoshi suggests a worst-case scenario for Bitcoin, with a potential price range of $48,000 to $51,000, representing a 20-25% decrease. He emphasizes that this scenario should actually make investors more bullish, as it would offer a greater upside potential. Although it may be difficult to envision now, Pentoshi believes it is not out of the realm of possibilities and would be the ideal opportunity to allocate his maximum investment.

In addition to his price analysis, Pentoshi points out the macroeconomic factors that could drive Bitcoin’s future growth. He predicts that the Federal Reserve will eventually ease its monetary policy, a condition that has historically sparked major bull markets for Bitcoin. Furthermore, the introduction of Bitcoin exchange-traded funds (ETFs) has attracted more people seeking exposure to BTC. Pentoshi expects other countries to follow in the footsteps of El Salvador and start accumulating Bitcoin.

Pentoshi sees Bitcoin as distinct from the altcoin market, as he believes it will continue to rise indefinitely through ETFs. With its limited supply and increasing competition from individuals and nation-states, Pentoshi believes Bitcoin’s potential is uncapped. On the other hand, he believes altcoins will go through separate cycles.

Pentoshi concludes by highlighting that Bitcoin has experienced parabolic rallies in the past, even before the existence of ETFs or the involvement of nation-states like El Salvador. He emphasizes that Bitcoin can go on its own explosive rallies for extended periods.

At the time of writing, Bitcoin is valued at $62,047.

Disclaimer: The opinions expressed in this article are not investment advice. Investors should conduct their own research and due diligence before engaging in high-risk investments in Bitcoin or other cryptocurrencies. Transfers and trades are done at one’s own risk, and any losses incurred are the responsibility of the individual. The article also clarifies that The Daily Hodl does not endorse the buying or selling of cryptocurrencies and is not an investment advisor.