Lyn Alden's Ambitious Bitcoin Odyssey: Aiming for $200,000 Amid Economic Mysteries
Jan 4, 2024
Global macro investor Lyn Alden holds high hopes for Bitcoin, aiming for a price of $200,000 per coin within the next two years, considering $100,000 as a potentially "disappointing" outcome. She sees Bitcoin's value closely tied to liquidity trends, expecting an upward trajectory between 2024 and 2025. However, predicting an exact price remains challenging due to factors like ETF approvals, capital flows, geopolitical shocks, and short-term liquidity fluctuations. Despite recent price fluctuations, the anticipation of Bitcoin ETF approvals continues to influence market sentiment, with experts like former NYSE President Tom Farley predicting a surge of capital into Bitcoin once ETFs get the green light.