Economist Timothy Peterson predicts a 90% chance that Bitcoin will hit a new all-time high (ATH) by March 2025. His forecast relies on a unique analysis method focusing on Bitcoin's historical lowest prices, which he calls "Never Look Back Prices" (NLB). Peterson's approach uses a logarithmic scale adjusted over time to predict Bitcoin's growth patterns similar to how new technologies gain popularity.

Peterson's analysis ties into Metcalfe's Law, which states that a network's value increases as more people use it. By applying this to Bitcoin, Peterson suggests that as more people adopt Bitcoin, its value will grow exponentially. His method aims to be conservative, aiming to underestimate rather than overestimate Bitcoin's value to avoid inflated predictions.

Peterson's prediction is grounded in data-driven analysis, filtering out short-term market fluctuations and focusing on long-term growth trends. This approach suggests confidence in Bitcoin's future growth based on increasing adoption and network effects.

BTC is currently trading at $58,192. Stay tuned for more crypto insights! 👍

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