A popular crypto analyst thinks Bitcoin (BTC) is on track to repeat the incredible growth of the Japanese stock market in the late 1980s.
Bitcoin’s Future: A Japanese Stock Market Mirror?
TechDev, a well-known analyst, has shared charts comparing Bitcoin’s performance since 2010 with the Nikkei 225, a major Japanese stock index, from 1950 to 2000. These charts suggest Bitcoin could reach a staggering $760,000 between 2028 and 2029, followed by a long period of decline.
More Than Just Charts: A Macroeconomic View
TechDev also analyzes the relationship between Chinese 10-year bonds and the US money supply. He believes a rise in Chinese bond yields relative to the US money supply could trigger significant Bitcoin rallies.
Analyst Remains Optimistic Despite Recent Downturn
Despite the recent dip in the crypto market, TechDev remains optimistic. He sees the current fear and negativity as a positive sign, indicating that a major rebound is likely. He argues that Bitcoin’s price typically rises after periods of extreme fear and uncertainty.
Disclaimer:
This information is not financial advice. Always do your own research before investing in cryptocurrencies.
