The host of the popular YouTube channel InvestansWers, while fighting to find the BTC correction, sets out potential year -end price targets for Bitcoin.
In a new video, the analyst uses the global M2 money supply, which measures the amount of money flowing throughout the financial system to estimate the potential price targets for Bitcon in the pioneer that the newly created money supply can partially flow into BTC.
InvestansWers, the most reasonable expectation, approximately 0.5% of the newly created supply, according to their models will flow to Bitcoin, which will increase the price to approximately $ 115,000.
Bit Bitcoins in the circulation are 15 million, five million lost and the current Bitcoin market value is 1,637 trillion dollars, if one percent of this new level of assets enters Bitcoin, the new Bitcoin price will go to $ 146,000.
I don’t believe this will be so high, I think it may be more on the line of one or one quarter half of the percentage. It depends on adoption, depends on the nation-state game theory. Maybe there is a nation that will print some of your fiats and buy Bitcoin, then you can throw this table, that’s the case.
Because Bitcoin wins the first nation-state to print money to win. This is it.
Imagine whether one percent of the new global M2 is entering Bitcoin – [which is] Reasonable, perhaps – the price would go to $ 115,000. This will increase the price by 37.58% – many people moan and ‘115,000 dollars, this is not good, I want a million dollars’ – markets are not like that. There are still many people who predict half a million dollar Bitcoin by the end of the year. I do not believe in that. $ 250,000, I don’t believe it. $ 120,000? Maybe, if things really start in game theory …
My target was always $ 119,000, the longest period of 120,000 dollars, and 2023. We’il see if we get there. “
Bitcoin is worth $ 82,100 during writing.
https://www.youtube.com/watch?v=Qrjizfhu8r4
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