Veteran cryptocurrency analyst Luke Broyles recently reiterated his optimistic prediction for Bitcoin's prospects, believing that Bitcoin is expected to break through the $100,000 price target by 2025. Nevertheless, Broyles also emphasized that this price increase is more driven by inflation, and the actual value may be difficult to surpass the 2021 high.
Why Bitcoin Will Rise to $100,000 by 2025
Broyles made an in-depth analysis of the relationship between Bitcoin and U.S. inflation, pointing out that due to the impact of inflation, the nominal price of Bitcoin may reach $100,000 in 2025. However, compared with the historical highs set in 2021, the actual purchasing power of this price increase is not so amazing. He said that in the current market, the historical high of Bitcoin in 2021 was $69,000. If adjusted for inflation, the actual value should be around $83,000. This means that even if the price of Bitcoin rises to $65,000 in the short term, its actual purchasing power is far less than in 2021.
In addition, Broyles predicts that there may be more money issuance in the next six to eight months, further driving up inflation. According to his speculation, this could be a catalyst that pushes the price of Bitcoin to $95,000.
Community reaction and prediction controversy
Although Broyles' analysis has attracted widespread attention, there are different voices in the community. One cryptocurrency enthusiast questioned Broyles' prediction, saying that the $95,000 increase was too conservative and even "bearish." Another user pointed out that the real inflation rate in the United States is much higher than the official figures, and may even be as high as 21% per year. According to this "Bitcoin believer", if calculated at this inflation rate, Bitcoin should be worth $210,000. In this regard, Broyles remains cautious. Although he does not fully agree with the 21% statement, he believes that the inflation rate may indeed be as high as 12%, 14% or even 16%.
Bitcoin bull market cycle and FOMO sentiment
Broyles also analyzed the current state of the Bitcoin bull market, believing that the current market cycle is halfway through, with 50% of the timeline and 40% of the potential returns already achieved. Meanwhile, Bitcoin's market sentiment has only developed by 10%, and the "fear of missing out" (FOMO) sentiment has just begun, accounting for only 5%.
Another analyst's optimistic forecast
On September 24, another cryptocurrency analyst, Ali Martinez, predicted the high point of Bitcoin price in this bull market. He believes that if Bitcoin's "long-term power law" continues to be effective, the market may witness Bitcoin price rise to $400,000 in this cycle.
As of press time, the Bitcoin price has reached $63,807, up 8.76% over the past week.
Summarize
Although there are many uncertainties about the future trend of Bitcoin prices, senior analysts generally believe that as inflation intensifies and market sentiment ferments, Bitcoin is expected to achieve new historical highs in the next few years. Whether it is $100,000 or a higher forecast number, the cryptocurrency market is still full of opportunities and challenges.
