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Bitcoin OG, which hit an all-time high in 2021, sees a BTC price of $600,000 by 2026

Bitcoin (BTC) will fetch a minimum of $200,000 in the coming years and could exceed half a million dollars, a popular analyst predicts.

In his Last update On long-term BTC price action, advisor and early Bitcoin evangelist Tuur Demeester estimated BTC/USD at $600,000 by 2026.

Demeester: Bitcoin will react to “billions” of bailout dollars

Bitcoin reaching $50,000 this week comes amid renewed confidence in higher levels to come.

Bullish arguments on BTC prices focus on the cathartic effect of the April halving of block grants and the recently launched Bitcoin spot exchange-traded funds (ETFs).

While the former reduces emissions of new Bitcoin, the latter is already putting additional pressure on the available supply.

But for Demeester, it is macroeconomic factors that are the focus.

“In 2021, bitcoin exceeded $69,000,” he summarized.

“I’m aiming for $200-600,000 by 2026. Fueled by trillions of dollars in global bailouts and recovery plans.”

A series of subsequent comments on

This reflects a process already underway, with Cointelegraph reporting potential volatility in risk asset prices in March.

When asked where he expects Bitcoin to reach its next multi-year high, Demeester added that anywhere from 2025 is possible.

On the subject of general interest – so far absent despite Bitcoin rising almost $12,000 in less than a month – he argued that $50,000 represented a turning point.

“I expect retail will start to wake up soon,” he wrote.

“Remember, there is no fever like Bitcoin fever.”

Demeester is well known for his decades-long contributions to the Bitcoin sphere. Meanwhile, in 2019 and 2020, he correctly predicted that the most recent BTC price, an all-time high, would be between $50,000 and $100,000.

Notorious trader sees ‘whole market’ falling

Not everyone believes the future is bright for Bitcoin and altcoins.

Related: Best Weekly Close Since 2021 – 5 Things to Know About Bitcoin This Week

As Cointelegraph reported, even last month, bets on a long-term market reversal were mounting, including a drop to $30,000.

A bearish voice continues to be heard. In his latest analysis shared with Telegram channel subscribers, popular trader Il Capo de Crypto warned that the $50,000 mark represents a turning point of a different kind.

“I was optimistic in the short term from $40,000 because there were possibilities of reaching $50,000. He’s just been hit. Now what?” he asked.

“I expect BTC rejection from the $50,000 level as alts continue to pump further, forming divergence. After that, the entire market should reverse.

BTC/USD annotated chart. Source: Il Capo de Crypto

For most of the last year, Il Capo de Crypto maintained a BTC price target of just $12,000.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research before making a decision.