Bitcoin's Price May Rise 30% in Next Year, Says Expert

Macroeconomics expert Lyn Alden has expressed optimism about Bitcoin's (BTC) performance over the coming months, predicting a bullish trend for the flagship cryptocurrency. In a recent interview, Alden stated that Bitcoin is likely to continue its upward trajectory for at least another year. However, she cautioned that a rare and unforeseen event, known as a Black Swan event, could potentially cause a significant market downturn, leading to a temporary decline in Bitcoin's value.

Alden highlighted that the current fundamentals of Bitcoin appear strong, suggesting a positive outlook for the next year or two. However, she emphasized that this outlook is contingent on the absence of major market disruptions, such as a 30% market crash, which could temporarily push Bitcoin's value lower. In such a scenario, the cryptocurrency would need to rebuild from the resulting losses.

The analyst also noted a shift in the factors influencing Bitcoin's performance. According to Alden, the focus has moved away from the halving events, which occur every four years and historically have led to significant price increases. Instead, she believes that market liquidity is now the primary driver of Bitcoin's performance. Alden acknowledged that liquidity is a complex factor in the current economic environment, making it challenging to predict with certainty.

Bitcoin's price at the time of the interview was $85,002, with no significant changes from the previous day. Alden's insights provide a nuanced view of Bitcoin's potential trajectory, balancing optimism with caution regarding potential market disruptions. Her analysis underscores the importance of considering both fundamental strengths and external risks when evaluating the future performance of Bitcoin.