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The Daily Hodl 2025-01-09 08:04:16

Bitcoin Should Be Much Higher Six Months From Now, According to Real Vision’s Jamie Coutts – Here’s Why

Bitcoin Should Be Much Higher Six Months From Now, According to Real Vision’s Jamie Coutts – Here’s Why

Real Vision’s chief digital assets analyst Jamie Coutts believes Bitcoin ( BTC ) will be at a significantly higher price six months from now. Coutts tells his 32,400 followers on the social media platform X that the Fed will likely make additional rate cuts in the near future that would inject more liquidity into the markets and cause Bitcoin to surge. Coutts shares a chart showing the historical relationship between the global money supply (M2) metric and Bitcoin, suggesting an M2 increase would send BTC higher. “With the strong dollar becoming a real problem, I expected Bitcoin to be in the $80,000 range by now. This speaks to the strength of the underlying bid and the market’s expectations that the Fed will have to act; otherwise, things will start breaking. Regardless of the sequence of events, more liquidity is coming, and Bitcoin should be much higher six months from now.” Source: Jamie Coutts/X Coutts also expects greater adoption of Bitcoin by the private wealth segment, which includes high-net-worth individuals and families, noting these entities “are less concerned than CT’s (crypto Twitter’s) daily obsession over liquidity ups and downs.” Another one of Coutts’ predictions for the coming months is that the relatively new artificial intelligence (AI) agents crypto sector will continue an upward trend. Crypto AI agents are protocols built to autonomously perform tasks on behalf of users such as interacting with blockchains and decentralized finance (DeFi) platforms, trading and managing portfolios. Said Coutts, “Interest in AI agents in crypto took off in November 2024. Based on history, this trend is expected to last at least another four months, but probably longer. AI agents are not like the others – they unlock potential for every established and new use case.” Bitcoin is trading for $94,592 at time of writing, down 2.4% in the last 24 hours. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Bitcoin Should Be Much Higher Six Months From Now, According to Real Vision’s Jamie Coutts – Here’s Why appeared first on The Daily Hodl .

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