Bitcoin

Bitcoin (<a href="https://cointelegraph.com/bitcoin-price">BTC</a>) 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 <a href="https://twitter.com/TuurDemeester/status/1757157499755520334" target="_blank" rel="noopener nofollow">update</a> on long-term BTC price action, advisor and early Bitcoin evangelist Tuur Demeester put BTC/USD at up to $600,000 by 2026. 
<h2 data-ct-non-breakable="true" id="demeester-bitcoin-will-react-to-trillions-of-dollars-in-bailouts">Demeester: Bitcoin will react to “trillions” of dollars in&nbsp; bailouts</h2>
<a href="https://cointelegraph.com/news/bitcoin-soars-above-50k-without-retail-fomo-and-high-leverage-use-why-this-is-good">Bitcoin hitting $50,000 this week</a> comes amid renewed belief in higher levels to come.
Bullish BTC price arguments focus on the cathartic effect of both April’s <a href="https://cointelegraph.com/news/bitcoin-price-rally-to-49-9k-puts-spotlight-on-halving-and-spot-etf-supply-shortage-narrative">block subsidy halving</a> and the newly launched spot Bitcoin exchange-traded funds (ETFs).
While the former reduces the emission of new Bitcoin, the latter is already <a href="https://cointelegraph.com/news/bitcoin-btc-trades-above-50k-why-its-different">exerting additional pressure</a> on the available supply.
For Demeester, however, macroeconomic factors are on the radar.
“In ’21 bitcoin topped at $69k,” he summarized. 
<blockquote data-ct-non-breakable="true">
 “I’m targeting $200-$600k by 2026. Fueled by $ trillions in global bailouts/stimulus.”
</blockquote>
<blockquote class="twitter-tweet">
 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.— Tuur Demeester (@TuurDemeester) <a href="https://twitter.com/TuurDemeester/status/1757159472147922981?ref_src=twsrc%5Etfw">February 12, 2024</a>
</blockquote> 
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. 
This reflects a process that is already ongoing, with Cointelegraph reporting on potential <a href="https://cointelegraph.com/news/bitcoin-price-risks-30k-supercharged-inflation-arthur-hayes">risk-asset price volatility</a> 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. 
<blockquote data-ct-non-breakable="true">
 “Remember, there is no fever like bitcoin fever.”
</blockquote>
Demeester is well known for his decade-long contributions to the Bitcoin sphere. In 2019 and 2020, meanwhile, he <a href="https://cointelegraph.com/news/tuur-demeester-bitcoin-price-above-50k-not-insane-at-all"></a><a href="https://cointelegraph.com/news/tuur-demeester-bitcoin-price-above-50k-not-insane-at-all">correctly predicted the most recent BTC</a>&nbsp;all-time high&nbsp;between $50,000 and $100,000.
<h2 data-ct-non-breakable="true" id="notorious-trader-sees-entire-market-going-lower">Notorious trader sees “entire market” going lower</h2>
Not everyone believes that the future is bright for Bitcoin and altcoins.
Related: <a href="https://cointelegraph.com/news/best-weekly-close-since-2021-5-things-bitcoin-this-week">Best weekly close since 2021 — 5 things to know in Bitcoin this week</a>
As Cointelegraph reported, even last month, bets on a long-term market reversal were building, including a <a href="https://cointelegraph.com/news/back-to-30k-this-btc-price-metric-calling-bitcoin-mid-cycle-top">drop to $30,000</a>.
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.
<blockquote data-ct-non-breakable="true">
 “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.”
</blockquote>
<figure data-ct-non-breakable="true">
 <img src="https://s3.cointelegraph.com/uploads/2024-02/55f89494-617e-4120-a452-9709d039dfde.jpeg" alt="" title="">
 <figcaption style="text-align: center;">
 BTC/USD annotated chart. Source: Il Capo of Crypto
 </figcaption>
</figure>
For most of the past year, Il Capo of Crypto has maintained a <a href="https://cointelegraph.com/news/bitcoin-trader-12k-btc-price-target-warns-weeks-crypto-comedown">BTC price target of just $12,000</a>.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Bitcoin OG who called 2021 all-time high sees $600K BTC price by 2026

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