Bitcoin’s Long-Term Price Prediction Is $586,500, Says Bullish Trader
Posted On October 1, 2024
A prominent crypto trader predicts Bitcoin (CRYPTO: BTC) to reach $586,500 by 2028, based on a variety of economic factors and market trends.
What Happened: Trader Doctor Profit took to his social media account to outline his thesis based on factors such as the M2 money supply, the amount of new liquidity, the current movement of gold and the estimated number of lost bitcoin.
The trader expects the M2 money supply to grow by 58% from $21 trillion to $33 trillion by 2028, which he believes, will significantly boost Bitcoin’s value.
Another factor is the impact of …
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