Crypto Veteran Lyn Alden Targets $200,000 Bitcoin, Says $100,000 Would Be Disappointing for this Bull Market
Well-known macro expert and crypto veteran Lyn Alden believes that a peak of $100,000 for Bitcoin (BTC) during the next bull market would be a rather underwhelming outcome for the ongoing bullish cycle.
Lyn Alden shared her thoughts on Bitcoin’s future price trajectory in a recent interview on the What Bitcoin Did podcast.
She emphasized the correlation between global liquidity and Bitcoin’s cycles, stating that the rise or fall of liquidity serves as a reliable indicator of Bitcoin’s performance.
However, she also noted that this correlation does not provide a clear indication of how high or low Bitcoin’s price could go.
While liquidity offers a directional insight, estimating the magnitude of price movements is more challenging.
Alden suggests that traditional models like stock-to-flow, which provide specific price predictions at certain dates, may not be as applicable to Bitcoin’s nature.
“Bitcoin is highly correlated with liquidity in terms of direction, but there’s very little way to judge a price from it. It’s not really useful for magnitude, so it’s not one of those stock-to-flow models where you can say, ‘Okay, at this date it should be this price.’”
Alden predicts a positive outlook for liquidity in the years 2024 and 2025, which could also benefit risk-on assets like Bitcoin.
She envisions a scenario where Bitcoin experiences a rally of approximately 340% from its current price levels before the end of 2025.
“My base-case expectation is for new all-time highs, hopefully over $100,000, so hopefully six figures. But then literally that range… that range is entirely reasonable. I’d actually be hesitant to guess where that ends up,” she said.
“I think that something like $100,000 plus would be kind of
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