Senior analyst Jamie Coutts predicts that by 2025, the market value of cryptocurrencies will grow to account for 20% of the overall market value of technology stocks globally.
(Bitcoin falls below £42,000! Miners continue to sell off, BTC reserves drop to 1.83 million coins, reaching a six-month low.)
(In addition:
The spot ETF passing will cause Bitcoin to fall! CryptoQuant: BTC may retest £32,000, investors and miners take profits.)
The price of Bitcoin (BTC) has risen over 150% this year, and the overall market value of the cryptocurrency market has reached $1.6 trillion, with a year-on-year increase of over 110%, reflecting the Bloomberg recovery of the currency market this year.
Regarding this situation, Jamie Coutts, who has served as an analyst at Bloomberg Intelligence for nearly ten years and now focuses on blockchain, wrote on X today:
He also stated that he believes that in the next 1-2 years, technology and cryptocurrencies should be the largest positions in investment portfolios until the liquidity cycle changes.
Further reading:
Buying Bitcoin mining companies is more profitable! Marathon Digital’s stock price has risen by 800% this year, with trading volume surpassing Tesla and Apple…
The altcoin season will arrive within 1-1.5 years from the Q2 low point next year.
Earlier this month, Coutts also commented that currently altcoins are breaking through to the upside, but the market is still dominated by the rise of Bitcoin. However, the transition to the altcoin season seems to be approaching, considering that next year’s Bitcoin spot ETF will lead to a large amount of capital inflow. Therefore, this cycle of transition may take longer. He estimates that the altcoin season will arrive within 1-1.5 years after the cyclical low point in the second quarter of 2024.
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Jamie Coutts
Cryptocurrency
Market value
Bitcoin
Tech stocks