Alistair Milne: The VTS will collapse by 25%

Investor and analyst Alistair Milne believes that bitcoin BTC $90,871.64 Bitcoin -0.30% Market capitalization $1.8 trillion VOL. 24 hours $2.26 billion may rise to $ 100,000 in the future, but before that, the cryptocurrency is expected to fall in value by 20−25%.

As you know, after the US elections and Donald Trump’s victory in the presidential election, bitcoin is reaching new historical highs almost every day. In this context, analysts predict short-term price corrections, but they also expect that bitcoin may reach the $ 300,000 target in the future due to growing demand and changes in digital asset policies.

Due to political changes in the United States and increased optimism among investors, the price of bitcoin is growing rapidly, but many analysts believe that there may be corrections of 20−25% before bitcoin reaches the $ 100,000 target.

Milne said that although a price correction at $ 95,000 and above is likely, it will only provoke FOMO (fear of missing out) among investors, which will allow bitcoin to quickly surpass the $ 100,000 mark.

«We're likely to see a 20−25% correction, but after that, the price will surge to $ 100,000, and FOMO will have its way,» Milne said.

In addition to short-term speculation, some financial leaders are making even more ambitious predictions for bitcoin.

Jan van Eck, CEO of VanEck, believes that bitcoin has the potential to reach $ 300,000 in the future, a prediction based on bitcoin’s growing role as «digital gold» and its ability to take a significant share of the gold market.

Van Eck also noted that this forecast is conservative, as some bitcoin supporters predict even higher goals.

According to him, the growing demand for bitcoin and bitcoin-backed financial products can significantly accelerate this process.

It is reported that interest in bitcoin is growing every month. For example, last Thursday alone, bitcoin funds raised $ 1.37 billion in just one day. This fact underscores the steady flow of capital into cryptocurrencies, including bitcoin, despite expected price fluctuations.

At the time of writing, bitcoin’s price reached $ 88,934, its market capitalization is $ 1.76 trillion, and daily sales have stopped at $ 139.01 billion.