According to Investanswers, this is a reasonable end-of-year price target for Bitcoin

As BTC struggles to find the bottom of the fix, the host of popular YouTube channel Investanswers has laid out Bitcoin’s potential year-end price targets.

In the new video, analysts use the Global M2 Money Supply (measuring the amount flows across the financial system) to predict Bitcon’s potential price targets on the premise that newly created money supply may partially flow into BTC.

Investanswers says the most reasonable expectation is that around 0.5% of the newly created supply will flow into Bitcoin, and according to his model, it will raise the price to around $115,000.

“There are 15 million Bitcoin in circulation, 5 million people have been lost, and Bitcoin’s current market capitalization is $1.637 trillion, and once 1% of this new level of assets enters Bitcoin, the new Bitcoin price is $146,000.

I don’t think it’s that high, I think it could be along more along the 1% half or 1% quarter line. It depends on adoption and on nation-state game theory. Maybe there are countries that print out a portion of their fiat to buy bitcoin, but you can throw this table away, if so, it will be much more expensive.

The first nation state to print money to buy Bitcoin victory. that’s it.

So imagine half the half of the new Global M2 going into Bitcoin (this makes sense), and the price will probably be $115,000. This will increase the price by 37.58%. Many people groan, “$115,000, that’s not good, I want $1 million.” Well, that’s not how the market works. There are still many people out there who are predicting $500,000 of Bitcoin by the end of the year. I don’t believe in that. $250,000, I don’t believe it. $120,000? Maybe if things really start with game theory…

My goal was always $119,000 and a long time $120,000, and I returned to 2023. I’ll see if I’ll get there. ”