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Bitcoin Enjoys Growing Favorable Conditions, Top Analyst Says

Bitcoin analyst and fervent BTC advocate, Will Clemente, has recently shed light on a compelling macroeconomic landscape unfolding, potentially favoring the world’s leading cryptocurrency. 

Clemente suggests that the United States is currently facing an unavoidable predicament, where it must increase its money supply significantly to manage its mounting debt burden. This, he argues, sets the stage for substantial currency debasement in the near future.

Clemente’s analysis hinges on the growing probability of the United States further expanding its money supply over the coming years. With the relentless trend of rapid money printing, he raises a critical question: Which assets will emerge as the top performers in this volatile financial landscape? Among the contenders, including the stock market, commodities, real estate, and venture/angel investing, Clemente’s resounding answer is Bitcoin.

Bitcoin: The Digital Safe Haven

As Clemente delves into his rationale, he highlights the unique attributes that make Bitcoin stand out in this tumultuous economic climate. He emphasizes that while gold has long been considered the go-to asset during periods of currency debasement, Bitcoin’s upcoming halving event will significantly bolster its stock-to-flow ratio, surpassing even that of gold and silver. 

Furthermore, Bitcoin’s advantages of being highly transportable, divisible, verifiable, and provably scarce position it as a superior alternative to traditional commodities.

The sentiment surrounding Bitcoin’s potential is not limited to crypto enthusiasts and analysts. Best-selling author of “Rich Dad Poor Dad,” Robert Kiyosaki, has echoed similar sentiments. Kiyosaki emphasizes the urgency of taking action in the current economic climate. 

He dismisses questions about future price predictions for Bitcoin, gold, and silver in 2025 as “silly.” Instead, he urges individuals to focus on their present holdings, emphasizing that time is running out to seize the opportunities presented by these assets.

Act Now Before Prices Surge

Kiyosaki contends that Bitcoin, gold, and silver remain relatively affordable investments at present but warns that this window of opportunity is closing fast. He predicts that as more people recognize the potential of these assets and rush to acquire them, prices will inevitably surge. 

As Bitcoin’s current price hovers around $27,028.81, the recent 2.8% seven-day increase underscores the growing interest in these digital and precious metal assets.

The macroeconomic stage appears to be set for Bitcoin to shine amidst concerns about the U.S. economy. Analysts like Will Clemente and financial experts like Robert Kiyosaki are sending a clear message: the time to act is now, as the future of Bitcoin and precious metals becomes increasingly promising in an uncertain financial world.

Featured image from Inside Bitcoins

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Finder’s Panel Predicts 11% Growth For Bitcoin By Year-End

Finder’s panel has always shared thoughts regarding bitcoin and where they see the price going over the next months, and even years to come. In the last year, there have been some bullish predictions from the panels, but as time has gone on, these experts have begun to adjust their predictions to fit the current market. The most recent of these panels have revealed their thoughts on the digital asset and it is adjusted even lower.

11% Growth By Year-End

The Finder’s panel shared their thoughts on where they believe the price of the digital asset will be ending up. According to them, they expect another 11% growth in the price of bitcoin from its current level. This will put BTC at a price of $21,344 by the time 2022 is over.

This is different from the previous predictions from the Finder’s panel through the course of 2021. Back in January 2022, the panel had said that they saw the price of BTC finishing the year at $76,360 by year-end. This would be reduced in April 2022 when the same panel had put the year-end price at $65,185. Another reduction saw them tender a $25,473 forecast for the digital asset back in July.

One thing that remains constant is the reduction of the panel’s forecasts as the bear market continues. However, they still continue to maintain that bitcoin will still see an upward momentum towards the end of the year, hence the 11% prediction this time around.

BTC price falls below $19,000 | Source: BTUCSD on TradingView.com
Bitcoin In The Long Term

Like always, the Finder’s panel did not only tender forecasts for the short term but also for the long term. These forecasts tend to span almost a decade, putting prices at where they think they will be at various important dates in the future.

In addition to 2022, they also gave price forecasts for the years 2025 and 2030. Even these forecasts saw an upward trajectory, although lower than their previous expectations, keeping in line with the bullish outlook of the panel. 

The first, in 2025, they expect the asset to trade at $79,000. In April, this figure was $179,000, and $107,000 in July. The 2030 forecasts were revealed to be $270,000. To put this in perspective, the panel had previously said that BTC would hit $314,000 back in July, and $420,000 back in April. 

Despite the varying price predictions, the report showed that 77% of the experts in the panel still believe that bitcoin is a store of value. “Nothing fundamentally has changed for Bitcoin, it’s a global capital crisis, and Bitcoin is affected in a short term but will recover; a lot of other financial assets will not,” said Serhii Zhdanov, CEO of EXMO.

Featured image from MARCA, chart from TradingView.com

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JPMorgan Puts Bitcoin At $150,000 In The Long-Term, But What About Its ‘Fair Value’?

Bitcoin has been on another recovery trend since this past weekend. It has continued on this path which has seen its balance above $44K. For most, this is a low value given that the digital asset was at $69K a few months ago. However, for JPMorgan strategists, this is not the case. Even at the current price which bitcoin has struggled hard to attain, strategist Nikolaos Panigirtzoglou believes that BTC is still overvalued.

Bitcoin Fair Value Is 12% Less

In a recent research note from JPMorgan, strategist Nikolaos Panigirtzoglou and others share thoughts around bitcoin. Even though the strategists are not particularly bearish on the digital asset, given their long-term outlook, they still believe that bitcoin is slightly overvalued. However, the value which Panigirtzoglou places BTC at is not that far from its current price, so it may be that bitcoin is following closely to what is expected.

Related Reading | Crypto Winter Is Thawing With Bitcoin And Ethereum Rebound Signal

The team, led by Panigirtzoglou, places bitcoin’s ‘fair value’ at $38,000. The digital asset has since beaten this price point and left it in its rearview mirror, but the JPMorgan strategists say that this is where the asset should be trading at.

The strategists calculate the fair value of bitcoin using its volatility compared to that of gold. Currently, BTC’s volatility is roughly four times that of gold. However, when this volatility differential narrows to three times that of gold, the strategist explains that its fair value will then rise to $50,000.

“The biggest challenge for Bitcoin going forward is its volatility and the boom and bust cycles that hinder further institutional adoption,” the note read.

BTC gains $1K in hours | Source: BTCUSD on TradingView.com
Putting BTC At $150,000

JPMorgan has always held a more bullish outlook for bitcoin in the long-term compared to the short-term. Last year, the strategists had put the price of BTC in the long term at $146,000. This had come at a time when the bull rally was in full bloom. At the same time, the strategists had put the price of the digital asset at $73,000 in the short term, a price mark that the asset is yet to hit.

Related Reading | Bitcoin Whales Wreck Bears, This Is What Happened Last Time They Were Active

This time around, the strategists have moved up their expectations for the digital asset. Despite the bearish short-term outlook, the market strategists believe that bitcoin will go as high as $150,000 in the future. They, however, did not provide a time frame for this, but they have previously said that they expect BTC to hit $73,000 in 2022.

Bitcoin has fluctuated between $43,000 and $44,000 in the past 24 hours. The asset fell as low as $43,600 in the early hours of Thursday but quickly picked back up, gaining over $1,000 in value in a matter of hours. It is currently trading at $44,631 at the time of this writing, up 2.36% in the last 24 hours.

Featured image from The Guardian, chart from TradingView.com