Bitcoin OG who called 2021 an all-time high sees a $600K BTC price by 2026
Bitcoin faces a sea of global bank bailouts in the coming years, Tuur Demeester believes — fueling a BTC price explosion to seven figures and beyond
BTC will see a minimum of $200,000 in the coming years and could pass half a million dollars, a popular analyst predicts.
In his latest update on long-term BTC price action, advisor and early Bitcoin evangelist Tuur Demeester put BTC/USD at up to $600,000 by 2026.
Demeester: Bitcoin will react to “trillions” of dollars in bailouts
Bitcoin hitting $50,000 this week comes amid renewed belief in higher levels to come.
Bullish BTC price arguments focus on the cathartic effect of both April’s block subsidy halving and the newly launched spot Bitcoin exchange-traded funds (ETFs).
While the former reduces the emission of new Bitcoin, the latter is already exerting additional pressure on the available supply.
For Demeester, however, macroeconomic factors are on the radar.
“In ’21 bitcoin topped at $69k,” he summarized.
“I’m targeting $200-$600k by 2026. Fueled by $ trillions in global bailouts/stimulus.”
Of banks and governments. For example, US government today is already spending more on interest payments than on their military. Only way to keep going is to print an ocean of money.
A series of subsequent comments on social media platform X referenced systemic problems in the U.S. banking system and the government’s future obligation to supply liquidity to halt their decline.
his reflects a process that is already ongoing, with Cointelegraph reporting on potential risk-asset price volatility hitting in March as a result.
Asked where he expected Bitcoin to hit its next multiyear peak, Demeester added that anywhere from 2025 onward is possible.
On the topic of mainstream interest — so far lacking despite Bitcoin being up nearly $12,000 in under a month — he argued that $50,000 represents a watershed.
“I expect for retail to start waking up soon,” he wrote.
“Remember, there is no fever like bitcoin fever.”
Demeester is well known for his decade-long contributions to the Bitcoin sphere. In 2019 and 2020, meanwhile, he correctly predicted the most recent BTC all-time high between $50,000 and $100,000.
Notorious trader sees “entire market” going lower
Not everyone believes that the future is bright for Bitcoin and altcoins.
As Cointelegraph reported, even last month, bets on a long-term market reversal were building, including a drop to $30,000.
One bearish voice continues to stand out. In his latest analysis shared with Telegram channel subscribers, popular trader Il Capo of Crypto warned that the $50,000 mark represented a turning point of a different kind.
“I was bullish short-term from $40k because there were possibilities of reaching $50k. It just got hit. Now what?” he queried.
“I’m expecting a rejection of BTC from the $50k level while alts keep pumping more, forming a divergence. After that, the entire market should reverse.”
BTC/USD annotated chart. Source: Il Capo of Crypto
For most of the past year, Il Capo of Crypto has maintained a BTC price target of just $12,000.
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