Crypto
Analyst sees bitcoin reaching $400,000-$500,000 by mid-2029
Macro investor James Lavish said bitcoin could reach $400,000 to $500,000 by mid-2029. Bitcoin Magazine reported that Lavish reiterated on BMTV last month that bitcoin’s bottom has already formed. He said his 2029 bullish outlook is unchanged despite rising odds of rate hikes and turbulence in technology shares, arguing short-term rate variables do not alter the broader structure. He cited a power law framework and pointed to fiscal and macro factors, including a $2 trillion U.S. deficit and a potentially expanding Fed balance sheet.
