Andrew Tate predicts Bitcoin’s true bull run is yet to come, as growing demand, limited supply, and shifting investor mindsets could push BTC to unprecedented heights.
Bitcoin’s latest surge has investors buzzing, and while some believe the bull run is nearing its peak, entrepreneur and influencer Andrew Tate claims the real rally is yet to start. Tate’s bold statement comes as Bitcoin reached a record high of $88,000, capturing strong interest from retail and institutional investors. Andrew Tate Predicts, BTC’s value could skyrocket to levels that seem “infinite” as it becomes the go-to store of value in a world where fiat currency weakens.
Andrew Tate Predicts: The Real Bull Run Hasn’t Started
Tate’s core argument revolves around the belief that Bitcoin’s value is still not fully understood by the public. He emphasizes that Bitcoin’s deflationary design—where supply is capped at 21 million BTC—will make it increasingly valuable as traditional fiat currencies continue to lose purchasing power. He believes that the true Bitcoin bull run will happen when investors see fiat currency as “junk” and adopt a “hold forever” mindset, unwilling to part with their BTC for anything less than monumental gains.
“Prices of everything in the world are going down versus Bitcoin. So why sell? It’s deflationary,” Tate stated on social media. In his view, Bitcoin’s scarcity will make it the most valuable asset in a world where other investments underperform against it.
Supply Cuts and Institutional Interest Fueling the Current Rally
Tate’s perspective aligns with the recent activity in the market. Bitcoin’s price recently surged past $88,000, fueled by strong demand and a limited supply. This rise is partly due to the recent 2024 Bitcoin halving, an event that cuts the rate at which new Bitcoin is produced. The halving process, which occurs roughly every four years, has historically driven demand by reducing Bitcoin’s supply, creating a scarcity effect.
Matt Hougan, Chief Investment Officer (CIO) at Bitwise, echoes this sentiment, suggesting that the supply cuts could lead Bitcoin to eventually reach $1 million. Matt Hougan explains that long-term holders are increasingly reluctant to sell, especially with prices now breaching previous all-time highs. “An equal part of this rally is that people have stopped selling,” Hougan remarked. “Long-term owners are no longer willing to part with Bitcoin below $100,000.”
Bitcoin’s rise is further driven by the growing interest from institutional investors. On November 11, trading volume for spot Bitcoin Exchange-Traded Funds (ETFs) exceeded $6.9 billion, showing that large-scale investors are increasingly viewing Bitcoin as a viable, long-term asset. ETFs have opened up the Bitcoin market to institutional investors, offering a regulated way to gain exposure to BTC without directly holding the cryptocurrency.
Donald Trump’s Proposed Bitcoin Reserve: Divisive Among Experts
While the Bitcoin market sees renewed optimism, a recent proposal to create a U.S. Bitcoin reserve under President-elect Donald Trump has sparked debate. Some experts support the idea, viewing it as a step toward making Bitcoin a central part of the U.S. economy. However, Bitcoin critic and economist Peter Schiff argues that such a move could destabilize the U.S. dollar.
Schiff warns that if the U.S. government buys large amounts of Bitcoin, this could artificially inflate the price, benefiting early investors but potentially leading to long-term instability. He explains that a government-led Bitcoin reserve could lead to unsustainable dollar printing to buy additional BTC and keep prices up, ultimately devaluing the dollar. “Bitcoin in this instance cannot stand as a proper hedge for the dollar,” Schiff claims, suggesting that this move might hurt the U.S. economy.
A New Wave of Optimism and a Possible Path to $1 Million
As Bitcoin reaches new highs, sentiment among investors and analysts is shifting toward higher price targets. Tyler Winklevoss, co-founder of Gemini, believes Bitcoin’s recent appreciation hints at its massive growth potential, linking it to larger economic trends. Jesse Myers, a Bitcoin analyst, also highlighted that current demand for Bitcoin outpaces the available supply, a factor that could continue driving prices higher.
Adding to the excitement, crypto analyst Willy Woo points to strong buying activity, with Bitcoin network inflows averaging $1.7 billion per day.
As long as investors are holding rather than selling, this buying pressure could keep the price on an upward trajectory. Some investors are already placing bets on Bitcoin hitting $100,000 by year’s end, with popular prediction platform Polymarket showing a 57% probability of reaching this target.
Conclusion: Is $1 Million BTC on the Horizon?
With a supply that is permanently capped and demand only growing, experts like Bitwise’s Matt Hougan believe that Bitcoin’s price could ultimately climb to $1 million per coin. Meanwhile, Andrew Tate predicts that BTC’s true value will reveal itself when investors fully abandon fiat currency in favor of Bitcoin. Tate suggests that Bitcoin’s scarcity, combined with its potential as a store of value, could create a “hold forever” mentality among investors, ultimately pushing the price to heights previously thought impossible.
In a rapidly shifting economic landscape, Bitcoin’s future is both promising and uncertain. While some experts warn of potential risks, others see BTC as a revolutionary asset with the power to redefine value. Whether or not Bitcoin reaches $1 million, the latest bull run may indeed only be the beginning.
As Bitcoin’s rally continues to gain momentum, Andrew Tate predicts, the best is yet to come—follow CoinMozo on X for the latest updates on BTC’s journey to new heights.
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