Analyst Willy Woo: The future Bitcoin bear market low will be as high as $91,000

This site (120btC.coM): Bitcoin fundamental analyst Willy Woo predicts that as fund institutions fully accept Bitcoin as a part of asset allocation, Bitcoin will rise in the future. The lower limit will be US$650,000 and US$91,000.

Willy Woo: $91,000 will be the bottom of Bitcoin in the future

Willy Woo pointed out that the asset management scale of traditional fund institutions is about 100 trillion U.S. dollars. According to Fidelity Fund, these institutions usually recommend 2% of funds are allocated to Bitcoin, which means that as more institutions participate in Bitcoin ETFs, $2 trillion of funds will flow into Bitcoin.

Bitcoin spot ETF currently holds approximately US$56.1 billion worth of BTC. If all Bitcoin ETFs of fund institutions are deployed, the total will reach US$2.56 trillion.

Then we add the MVRV indicator. According to MacroMicro, MVRV is currently 2.32. It usually breaks above 5 at the top of a bull market and about 0.7 at the bottom of a bear market.

From this we can conclude that the upper and lower limits of Bitcoin’s future market value are US$12.8 trillion and US$1.8 trillion respectively, or US$650,000 and US$91,000 for a single Bitcoin.

(Note: MVRV is often used to evaluate whether BTC is too extreme compared to its fair value. The formula is "market value/realized value". The realized value refers to the sum of the average prices of all BTC at the time of the last on-chain transfer. . )

Bitcoin will usher in 12 years of gold

Willy Woo emphasized that this rough estimate of the upper and lower limits does not include inflows outside of ETFs. Usually self-custody Bitcoin inflows are absolutely larger than ETFs are much larger, so this is a very conservative calculation.

He also predicted: When ETF issuers are all deployed, the market value of Bitcoin will definitely surpass gold. Gold will usher in a 12-year bull market after the approval of spot ETFs. Now it is Bitcoin’s turn.

However, Willy Woo finally pointed out that the price target is not for this cycle, and the deployment of funds will take a long time to complete.

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