Bitcoin has been predicted a revolutionary growth to $ 600,000

The flagship crypto asset continues to actively strengthen its position, giving analysts reasons for positive forecasts. Cryptocurrency expert Tuur Demster said that by 2026, BTC $62,827.61 Bitcoin 0.17% Market capitalization $1.24 trillion VOL. 24 hours $1.29 billion quotes will reach $ 600,000.

According to the analyst, the upcoming halving, which is expected to take place in April 2024, will have a major impact on this. Against this background, bitcoin may well update the ATH in November-December 2024. Much will also depend on the success of the recently approved ETFs.

At the time of writing, bitcoin quotes are near the $ 50,000 level. The last time the price reached such significant heights was in 2021, when a full-fledged bull run was developing in the market. Many industry experts are positive about the medium-term prospects of the main digital coin.

Tuur Demster also commented on the economic situation in the United States: «The US government is now spending more money on foreign debt repayment than on the army. The only way to move forward is to print a lot of money.» The analyst also believes that the US banking system is increasingly facing systemic problems.

As a reminder, trader Dave Wave expects bitcoin’s value to soar to a new record in 2025. A few days ago, the analyst told his 144,400 followers on the social platform X that BTC could approach the $ 200,000 mark in less than two years. «According to this forecast, in 2025, BTC will fall just short of $ 200,000.»