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.