Economist Predicts $110k Bitcoin
Macro economist Henrik Zeberg is forecasting Bitcoin will rally to $110,000–$120,000 this month. He attributes the potential surge to a combination of strong risk-on sentiment in macro markets, sustained ETF inflows, and increasing institutional adoption.
Zeberg's forecast includes a 25% probability of an "overshoot" scenario where momentum could push Bitcoin's price to the $140,000–$150,000 range. This more aggressive target is contingent on the current market cycle extending beyond typical tops. His analysis extends to major altcoins, predicting Ethereum could reach $10,000–$12,000 and Solana could test the $350–$500 range within the same timeframe. The Ethereum projection is based on its ratio to Bitcoin converging around 10%, driven by institutional interest and network upgrades. The call for a surge is partially based on renewed institutional demand, reflected in recent ETF flows. After five straight weeks of withdrawals totaling over $3.8 billion, U.S. spot Bitcoin ETFs saw a turnaround with $787.3 million in net inflows last week, and another $458.2 million on Monday alone. BlackRock's IBIT led the recent inflows with a $263.2 million injection. Despite the bullish price targets, broader market sentiment remains in a state of "extreme fear," with the Crypto Fear & Greed Index hovering around 10-15 points. This suggests that while some analysts see significant upside, the wider market is still cautious amidst geopolitical tensions and macroeconomic uncertainty.
