Martini Guy ₿, a well-known trader and technical analysis expert, laid out a compelling case for why Bitcoin could reach a staggering $250,000 or more within 24 months. His analysis considers various factors, including the anticipated Blackrock ETF, market dynamics, and the Bitcoin halving event.
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Blackrock ETF to Create $5 Billion Market Impact
According to That Martini Guy ₿, the expected Blackrock ETF could be valued at around $5 billion. This is significant because Blackrock must acquire Bitcoin for the ETF, creating a natural price impact. He estimates that around $1 billion in buying pressure can move Bitcoin’s price by approximately 10%. Therefore, Blackrock alone could push Bitcoin’s price to around $35,000 to $40,000.
After the Blackrock ETF, the analyst predicts that new ETFs will launch, creating a lot of hype and promotion around Bitcoin. The stock market is expected to get behind and promote Bitcoin to help their investments grow. “It will be the world’s most anticipated ETF ever,” he states. With all the news coverage, Bitcoin’s price is likely to reach its previous all-time high.
The next significant event to impact Bitcoin’s price will be the halving, which will reduce the block reward for miners. According to That Martini Guy ₿, this will necessitate doubling Bitcoin’s price so miners can continue to profit. This could push Bitcoin’s price to around $140,000.
From there, Bitcoin is expected to gain full momentum, attracting huge institutional investments and new venture capital. This new wave of adoption could propel Bitcoin’s price another 2x to around $300,000. The top of the stock-to-flow model suggests a peak between $300,000 and $360,000.
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Show more +A Counter Perspective: SiamKidd’s More Conservative Estimate
While That Martini Guy ₿’s predictions are bullish, it’s worth noting that other analysts like SiamKidd have more conservative estimates. SiamKidd suggests that the Bitcoin market cap is unlikely to vary beyond $2-4 trillion, predicting a price range of $100,000 to $160,000 by December 2025.
The bullish predictions by That Martini Guy ₿ have certainly caught the attention of the crypto community and investors alike. While the future is uncertain, the factors he outlines, such as the impact of ETFs and Bitcoin halving, offer a compelling roadmap for Bitcoin’s potential price trajectory.
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