The post Bitcoin Price Prediction for the Next 6 Years: Experts Weigh In appeared first on Coinpedia Fintech News
The Bitcoin market has grown by over 36.2% in the last 30 days. Yesterday, it achieved a new all-time high of $92,342. Today, it has surpassed the crucial level of $93,000. Currently, it is inching upwards strongly. At a time when the entire crypto market is discussing the future prospects of Bitcoin, experts have come up with a few bold predictions on how the market might behave in the coming three years. These discussions play a pivotal role in shaping Bitcoin price prediction insights. Read on to uncover more details.
Bitcoin’s Commitment Towards Power Law Pattern
The four-year moving average of Bitcoin follows a predictable pattern. Crypto experts like Fred Krueger and PlanC assert that this BTC market trend is less likely to change in the coming years. PlanC even advises using the pattern as a tool to understand the future movements of the price of Bitcoin.
Bitcoin Institutional Demand to Rise
Highlighting the significance of the Bitcoin ETF sector, Fred forecasts that BlackRock’s IBIT and Fidelity’s FBTC will play a huge role in the growth of crypto adoption. Though Fred seems unconvinced about the impact corporations and governments could have, PlanC points out that corporations and governments will significantly increase their Bitcoin holdings in the coming years.
Currently, the USA holds 207,189 BTC tokens, while China has over 194,000 BTC tokens. The UK, Ukraine and Butan have 61,000, 46,351, and 13,029 BTC tokens, respectively. The public company with the highest BTC holding is MicroStrategy.
MicroStrategy Likely to Limit Its BTC Holdings
Currently, MicroStrategy holds at least 331,200 BTC tokens. However, Fred forecasts that the company is less likely to accumulate more than 500,000 BTC tokens in the coming years. He supports his argument by pointing to the issues of rising acquisition costs and declining returns. A couple of days before, MicroStrategy made its largest-ever purchase of 51,780 BTC at an average price of $88,627 each. After the US election result, the company has considerably increased its Bitcoin holdings. Meanwhile, PlanC notes that the NAV premium of the company could fluctuate between 1.5x and 5x.
How the next 3 years will go for #Bitcoin:
Bookmark my bold calls.
Let's see how many I get out of 5.
1. Saylor will deploy the full $42 billion before the end of 2025.
2. The #MSTR NAV Premium will fluctuate between 1.5x and 5x, allowing Saylor to deploy $50 billion to…
— PlanC (@TheRealPlanC) November 19, 2024
Possibility for a Bear Market in 2026: What Experts Say
PlanC does not dismiss the possibility of a bear market in 2026. He claims that if such a market occurs in the year 2026, the market would only experience a minor drop of 30%. He also suggests the possibility of a consolidation phase in 2026. However, Fred seems almost fully convinced that a significant price drop will occur within the timeframe of the next three years but is not ready to agree that such a bear market will occur in 2026. Interestingly, he claims that during the bear market, the fall that the market experiences would be as severe as 50%.
In conclusion, Fred and PlanC agree that Bitcoin will adhere to the Power Law, but their views diverge on MicroStrategy’s role, institutional adoption, and the possibility of a bear market.
