While Bitcoin continues to get on the waves of volatile markets, experts make predictions on its future in the coming months. One of the most important factors influencing the overvoltage of Bitcoin prices is the global money supply of M2- the total amount of circulation, including species, checking deposits and easily the convertible near the money. Historically, when the M2 has increased, Bitcoin responded with strong bruise movements. In fact, during the last major M2 pump, Bitcoin jumped 60%.
If a similar trend is held, Bitcoin could experience another spectacular increase. Some analysts predict that if only 0.5% of new M2 world assets flow into Bitcoin, the price could reach around $ 115,000, marking an increase of 37.58%. Although it may seem well compared to the high forecasts of $ 1 million that some hopes, this reflects a more realistic expectation based on historical trends.
The theory of the nation-state game: a joker for bitcoin
Another variable that could considerably change the price of Bitcoin is the potential participation of the nation states. If a government is starting to print fiduciary currency to buy bitcoin, this could create immense upward pressure on the market. This strategy, often called the theory of national games, suggests that the first country to adopt such an approach could dominate cryptographic space, which makes the Bitcoin price even higher.
What is the next step for Bitcoin?
Given all the factors, the most likely scenario for Bitcoin in the next three months is a price range between $ 99,000 and $ 115,000, with the even higher earning potential if market conditions change favorably. However, there are also 80% chance that Bitcoin maintains this upward trajectory, with 20% chance of facing setbacks.
