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Where Next for Bitcoin? The Bull and Bear Case

by Decrypt
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Where Next for Bitcoin? The Bull and Bear Case

In brief

  • Analysts are divided on Bitcoin’s near-term outlook, with one forecasting a “violent” short squeeze, while another predicts a 6-12-month grind in the $45,000 to $55,000 range.
  • Users of prediction market Myriad see the chance of a Bitcoin rally to $84K as having nearly doubled to 45% since last Friday.
  • In the long term, experts agree that Bitcoin’s role is shifting toward a non-sovereign store of value amid fiscal dominance.

Bitcoin is currently caught in a high-stakes tug-of-war between…

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