Tuur Demeester, founder of Adamant Capital, believes Bitcoin has touched bottom somewhere between $3,000 and $4,000. He sees no problem with prices climbing to $50,000 or $100,000. Bitcoin crashed to
Tuur Demeester, founder of Adamant Capital, believes Bitcoin has touched bottom somewhere between $3,000 and $4,000. He sees no problem with prices climbing to $50,000 or $100,000.
Bitcoin crashed to $3,800 on March 12, then rebounded 150% to $10,100 before the halving. A pullback brought it down to $8,100, but by filling a historic CME Futures gap, Bitcoin climbed back above $10,000.
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In a YouTube video, Demeester laid out his case. Federal Reserve stimulus measures could wind up supporting Bitcoin, he argued, with prices reaching from $50,000 to $100,000. "I think a price target of like $50,000 is not insane at all," he said. "I would even say between $50,000 – $100,000."
Analysts say bullish sentiment has not been this strong since Bitcoin's 2017 run-up to its all-time high. Multiple analysts are positioning for a major rally in the near term.
Demeester describes the moment as institutions entering a "land grab phase" for Bitcoin. CME Bitcoin options volume reached $150 million this week, a signal of heightened institutional appetite.
On Twitter, Demeester noted that "bitcoin broke out of its accumulation phase" a year ago and suggested that whale buying could trigger another "parabolic rally." He now points to what he calls a "deployment phase" for Bitcoin. JP Morgan Chase shifted its stance and began offering banking services to two US cryptocurrency exchanges.
For Demeester, the catalyst is clear: major money moving in. Family offices, hedge funds, billionaires from Wall Street. Paul Tudor Jones, a legendary hedge fund manager, said last week that his company is buying Bitcoin and setting aside 1-2% of its portfolio for crypto.
Popular figures have taken notice. JK Rowling tweeted about Bitcoin this week. The TIE, a crypto data platform, noted that post-halving sentiment had climbed to new peaks.
MiningPool content is intended for information and educational purposes only and does not constitute financial, investment, or legal advice.
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