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Tuur Demeester, a revered figure in the Bitcoin community and the chief editor at Adamant Research, has shared a compelling outlook for Bitcoin’s future. He envisions an extraordinary growth spurt for Bitcoin, with its price potentially soaring to between $200,000 and $600,000 by 2026. This projection is based on an anticipated influx of funds from various stimulus and bailout packages, suggesting a remarkable 4-12 fold increase in its current valuation.
Demeester, who has a substantial following of 264,000 on X (formerly Twitter), diverges from the conventional wisdom of institutional investment driving Bitcoin’s growth. Instead, he foresees the retail investors’ enlightenment as the key catalyst for the upcoming surge. He advises the community to tread carefully, given Bitcoin’s volatility, especially those eyeing investments beyond $500,000. His recent forecasts include a bullish end to the current cycle, with Bitcoin’s price expected to exceed $120,000 by mid-December 2023, pointing towards a promising future for the world’s premier cryptocurrency.
