Macro expert Lyn Alden predicts that Bitcoin reaching six figures would not be unexpected given the increasing liquidity – presenting the anticipated timeline.
Bitcoin (BTC) has the potential to reach a price of $100,000 or more, according to macro expert Lyn Alden. In an interview with Blockcworks Macro, Alden explains that the limited supply of BTC and the increasing global liquidity are setting the stage for a significant rally in the coming months. Despite the constrained supply, Alden anticipates that as the price of Bitcoin continues to rise, older coins will gradually enter the market to meet the growing demand. However, Alden notes that this cycle has seen less selling from long-term holders compared to previous cycles. Alden remains optimistic about the future of Bitcoin and expects to see a six-figure price within the next 18 months. As of now, Bitcoin is trading at $63,758, experiencing a slight increase in the past 24 hours.