Legendary Bitcoiner, macro economist, and investor Tuur Demeester, editor-in-chief of Adamant Research, has shared some details about the upcoming bull market. In this article, we will explore why this bull market will be different from the 2021 rally.
By the year 2026, Tuur Demeester predicts that the price of Bitcoin (BTC) could reach levels between $200,000 and $600,000 per coin. This astonishing 4-12x rally will be fueled by trillions of dollars from various bailouts and stimulus programs.
"In '21 bitcoin topped at $69k. I'm targeting $200-$600k by 2026. Fueled by $ trillions in global bailouts/stimulus." - Tuur Demeester
Unlike many Bitcoin bulls, Demeester emphasizes that the retail "awakening" will play a crucial role in the Bitcoin rally, rather than institutional involvement. He warns retail investors interested in a potential Bitcoin rally above $500,000 to be cautious about debt and potential overexposure due to the volatility of Bitcoin.
"Keep in mind one of the most important lessons in bitcoin: be careful with debt and potential overexposure, because its volatility will easily give you whiplash." - Tuur Demeester
Demeester also suggests that the ongoing bull cycle might come in two parts, similar to what happened in 2013. This could potentially make the bull market longer than the rallies seen in 2017 and 2021.
"Also, Demeester claimed that the ongoing bull cycle might come in two parts, as it did in 2013. This, in turn, might make it longer than the 2017 and 2021 rallies." - Tuur Demeester
In conclusion, Tuur Demeester's forecast for the Bitcoin bull market predicts significant price targets between $200,000 and $600,000 by 2026. He highlights the importance of retail investors in driving the rally and advises caution due to Bitcoin's volatility. Additionally, he suggests that the bull market might come in two parts, potentially making it longer than previous rallies. Investors should consider these factors when making decisions in the Bitcoin market.
