Bitcoin Price Will Hit $50,000 Soon, Says Analyst

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Bitcoin price predictions existed since the early days when the network was launched Satoshi Nakamoto in January 2009. Predictions that could seem unrealistic have often come true, and the analyst Tuur Demeester is also sincerely convinced that Bitcoin could soon reach somewhere between $ 50,000-$100,000.

Bitcoin: Does it look like a new bull run?

Investor and analyst Tuur Demeester recently commented on the future of Bitcoin (BTC) prices in an interview with the Messsari crypto-media YouTube channel.

Also, founder of the crypto-fund Adamant Capital, Tuur Demeester believes that Bitcoin reached a last low on March 12, at the height of the crisis caused by the coronavirus.

With the Bitcoin halving now past, and the COVID-19 crisis in the process of subsiding, the investor does not see the price of BTC ironed ”  below 6000 dollars  “. And even less at the lows of the famous “ Black Thursday “, where the king of cryptos briefly touched the $ 3,900 in the general panic of the pandemic.

On the contrary, Tuur Demeester considers that Bitcoin has returned to a bull market, and he sees it reaching new heights  :

“A price target of $50,000 is not insane at all, … I would even say between $50,000 and $100,000”

What would the dollar be worth if bitcoin went to the moon?

If Adamant Capital’s analyst is so optimistic about Bitcoin, it is also because he is very pessimistic for the dollar!

“I mean, I think a price target of $50,000 is not insane at all, especially given just how crazy the money printing is,”

And institutional investors also seem to have understood this. According to Tuur Demeester, it is these big fish that will support BTC prices to new levels:

“It is the institutions that are now the most interested (…) it is like a grab land scenario before huge things are built on it”.

The investor considers that the bases are indeed there to see a significant adoption of cryptocurrencies between 2020 and 2022, with the appearance of always more cases of applications and uses.

Institutional and other whales would thus be able to start accumulating enough bitcoins for it to ”  trigger a new parabolic rise in BTC prices “.

All the mass adoption lights seem to be gradually going green for Bitcoin and the world of cryptos. It will remain to take into account the fall in values ​​of the currencies taken as reference for quotation (dollars and euros in mind), because the massive monetary impression could mechanically exacerbate the increase in Bitcoin prices … without this being such good news as that.

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Ethan Hunt

Bitcoin Maximalist and Toxic to our banking and monetary system. Separation of money and state is necessary just like the separation of religion and state in the past. Also, pro-local, pro-global and anti-national.

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