Bitcoin Prediction: Crypto Pundit Reveals Why $100,000 Is The Nominal Price Level For 2025

Quick Summary:

Why Bitcoin Will Rise To $100,000 In 2025 Luke Broyles, a prominent crypto analyst and Bitcoin enthusiast recently dived into a discussion about the relationship between Bitcoin’s price and inflation, specifically how the United States (US) inflation affects the value of the cryptocurrency over time.

According to Martinez, if Bitcoin’s Long Term Power Law holds true, the market can expect the cryptocurrency’s next peak to reach $400,000.  Related Reading: Analyst Predicts 8,500% Rally For Cardano To Reach $31 As Indicators Turn Bullish The Bitcoin Power Law is a concept or theory that suggests a specific mathematical relationship between the price of Bitcoin and its market behavior or adoption.

However, the extent of this price rally would barely reach levels seen in 2021.  Related Reading: Diamond Hand Ethereum Whale Moves 15,000 ETH, Here’s The Destination Before making his $100,000 bullish forecast, Broyles predicted that Bitcoin could rise to $65,000 soon.

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Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets: United KingdomUnited States

Topics: BTC news Bitcoin Analyst Btc Btcusd Bitcoin price Crypto news Bitcoin Bitcoin news Crypto Crypto analyst BTCUSDT Btc price

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-25 @ 02:00:58 (3 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 472 words

Reading Time: 3 minutes read

Sentences: 65 lines

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Copyright Owner: © NewsBTC

News ID: 22702494

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