Macro expert Lynn Alden says it wouldn't be surprising to see Bitcoin hit six figures as liquidity grows – timeline here

Macro expert Lynn Alden says conditions are ripe for Bitcoin (BTC) to reach a price of over $100,000.

In a new Blockcworks Macro interview, Alden said that BTC is experiencing a supply shock as the majority of long-term Bitcoin holders are not ready to offload their holdings at current prices.

According to Alden, the combination of limited BTC supply and increased global liquidity is proving to be a solid foundation for Bitcoin to rise to six-figure levels in the coming months.

“When it comes to Bitcoin, most of the indicators I track indicate that we are in the fairly mid-stage of a bull run. I believe the next 18 months are still favorable for the asset. Again, Bitcoin tracks global liquidity pretty well. On-chain indicators will show, for example, how much long-term holders are selling in the current bull run.”

When Bitcoin's supply is limited and the price increases 3x or 5x in a fairly short period of time, typically some of the older coins start to hit the market to meet the new demand. We've seen that happen a few times, but so far it's been less so this cycle than previous ones.

My expectation is that there's room to do both because the liquidity side is pretty constructive, which should drive demand, and I still think that higher prices are needed to unlock some of these older coins to meet that demand.

I would be surprised if Bitcoin doesn't see a six-figure surge in value within the next 18 months.”

At the time of writing, Bitcoin is trading at $63,758, up slightly in the last 24 hours.

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