Lyn Alden, a global macro investor, has high hopes that the price of Bitcoin (BTC) will reach $200,000 within the next two years. For her, a price of $100,000 would be an unattainable and disappointing outcome.
In an interview, Lyn Alden considered the role of Bitcoin in the current global economic context and why predicting its price has become challenging. Alden believes that Bitcoin is still closely tied to liquidity, and she predicts that liquidity will increase between 2024 and 2025.
She explained that there are some unstable factors that may emerge in 2024, and although it’s uncertain whether they will occur or not, Alden leans towards a two-year timeframe rather than one year to evaluate Bitcoin’s price.
Past Bitcoin price predictions have often seen a repeating pattern, with significant price increases occurring every four years. These changes are often related to the economic policies of central banks. For example, the price of Bitcoin surged from $3,500 to $64,000 after the Federal Reserve lowered interest rates to 0.25% in 2020.
However, Alden emphasizes that providing a specific Bitcoin price prediction is a challenging task. She believes that price predictions ranging from $150,000 to $500,000 are reasonable and depend on various unpredictable factors, such as ETF approval rates, capital inflows, and short-term liquidity.
Recently, the price of Bitcoin has experienced fluctuations following doubts about the approval of a Bitcoin ETF. However, Alden also mentioned that capital will flow into Bitcoin once ETFs are approved.