Bitcoin $97,291.55remarkable estimates about the future value of the future. Matthew Sigel, Vanck’s Crypto Money Research President, said Bitcoin has a great rise potential in the coming period. Based on past market cycles, Sigel predicts that Bitcoin can reach 87 %in the short term and up to 450,000 dollars in the long term.
Bitcoin may increase in the short term
According to Sigel’s analysis, if Bitcoin remains loyal to the four -year market cycle model, it may experience a strong price increase in the coming period. Sigel, Bitcoin’s current level by increasing 87 %to reach $ 180,000, he said. This estimate is based on Bitcoin’s price movements in past cycles.
Pointing out that there were similar increases in the previous cycles in the market, Sigel emphasized that especially after halving, it brought the most powerful increases for Bitcoin for a year. Although the differences between the hill and the bottom levels in the previous cycles are smaller, a significant increase in the current process is still possible.
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Sigel said that Bitcoin’s market movements should be careful that investors should be careful and said that such projections are risky and may change depending on market conditions.
Is it possible for 450 thousand dollars possible in the long run?
Sigel’s long -term projections are also quite ambitious. According to him, if Bitcoin can reach 50 %of the speculative market value of gold, the price may rise to $ 450,000. This scenario will be shaped depending on the wider acceptance of Bitcoin in the global financial system.
Stating that Bitcoin is adopted as a reserve asset, there may be big jumps in the price, Sigel thinks that this offers an important opportunity for investors. However, he emphasizes that Bitcoin should be more adopted by corporate investors and governments to make such high price forecasts.
Today, Bitcoin is traded at $ 96,173. While Sigel’s projections are carefully monitored by investors, it should be remembered that market dynamics will directly affect these predictions.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
