Analyst Rietveld predicts Bitcoin could surge to $100,000 or higher, potentially driving significant liquidity into altcoins like $XRP . One key factor behind this optimistic forecast for Bitcoin is the ongoing “money printing” in the U.S. economy.
Rietveld highlights historical data that shows past halving cycles often coincide with market recoveries during periods of increased money supply. He recalls how, in February 2020, as the Federal Reserve ramped up money printing, Bitcoin initially dropped to around $5,000 before skyrocketing to $60,000 the following year. During the same cycle, altcoins such as Solana saw remarkable growth, with Solana gaining 100x in value.
However, Rietveld warns that the initial phase of liquidity injection may cause market volatility. He advises investors to be prepared for price corrections similar to previous cycles, where Bitcoin fell from $60,000 in April 2021 to around $32,000 three months later, only to rally again. He speculates that Bitcoin could experience a similar 50% drop before rebounding to new all-time highs.
XRP Forecast: Wild Days Ahead
Turning his attention to XRP, Rietveld suggests that while Bitcoin may see significant price swings, XRP could show relative stability. He encourages investors to use a dollar-cost averaging strategy for XRP, noting that it often outperforms Bitcoin on several trading days.
Rietveld anticipates that the market cycle could peak around mid-2025, with Bitcoin potentially exceeding $100,000. In the meantime, he advises investors to stay alert, keep cash on hand to buy dips, and consider leveraging XRP as the market gears up for explosive growth.
At the time of writing, XRP is priced at $0.5898, reflecting a 3% increase over the past week.
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