Renowned Economist Predicts Bitcoin Price to Hit $100,000

Cryptocurrency analyst Timothy Peterson has predicted the day Bitcoin price will surpass $100,000.

Cryptocurrency economist Timothy Peterson predicts that Bitcoin could hit $100,000 by February 2025

Peterson has provided analysis that shows Bitcoin’s current price trend is consistent with previous trends, refuting the notion that Bitcoin’s returns are declining.

He asserts that Bitcoin’s earning potential remains strong as the market matures.

$100,000 in 90 Days?

Peterson believes that if Bitcoin breaks above the trendline, it could hit $100,000 in the next 90 days, and that this target is “entirely reasonable” based on price history.

Even in a conservative scenario, Bitcoin could hit $100,000 by February, regardless of the outcome of the US presidential election on November 5.

He dismissed concerns about a potential Bitcoin price drop, asserting that “Bitcoin is not overvalued” and that the possibility of a drop below $60,000 is “increasingly unlikely.”