The Real Vision chief crypto analyst believes that the demand for Bitcoin and its capped supply will drive the price higher when more fiat currency enters the system.
Coutts claims that the correlation between Bitcoin and the global money supply demonstrates the importance of tracking liquidity cycles to understand when new capital enters the market and drives prices higher. The market is pricing in his win, which is considered bullish for Bitcoin.
In his previous administration, Trump favored cryptocurrencies like Bitcoin, and this could happen again, according to crypto research firm Matrixport. The recent surge in global money flow to a new all-time high of $107 trillion is cited as a reason for the Bitcoin price rally, with some of the new capital likely to flow into “anti-debasement” assets, such as Bitcoin.
This could also explain the recent all-time high of Bitcoin open interest reaching $20 billion. Donald Trump’s presidency is also believed to be contributing to the Bitcoin price rally, with the odds of him winning the US elections currently at 60.3%.
Cryptocurrency Analyst Predicts Bitcoin to Reach $110,000 as Global Money Supply Rises
Cryptocurrency analyst Jamie Coutts has predicted that Bitcoin could reach a price of $110,000 in 2025 as the global money supply continues to boost. Crypto research firm QCP Capital believes that Bitcoin is on the right track to hit a new all-time high, but historical patterns suggest that it may not come until January next year.
Despite this, the prediction from the firm and others suggests that Bitcoin will continue to rise in the coming weeks and potentially exceed its current all-time high of $73,000.
