Economist Predicts 90% Chance of Bitcoin Reaching New All-Time High by March 2025đ
Crypto expert Timothy Peterson has forecasted a 90% chance that Bitcoin will hit a new all-time high within the next 8 months, by March 2025. The prediction, shared on X, is based on Petersonâs innovative analysis, focusing on Bitcoinâs historical lowest prices, which he refers to as the "Never Look Back Price" (NLB).
Peterson, known for his book Metcalfeâs Law as a Model for Bitcoinâs Value, argues that as Bitcoin's user base grows, its value will rise exponentially. His approach uses a unique âsquare root timeâ model to track Bitcoinâs long-term growth, offering a conservative yet confident outlook on Bitcoinâs price potential.
By focusing on Bitcoinâs lowest historical prices, Peterson minimizes speculative risk and overvaluation, providing a more stable, long-term view. He concludes that as long as adoption continues, Bitcoinâs value will keep climbing.
