News View Non-AMP

Here’s Why Bitcoin Is Poised to Hit the $265,000

Published by
Nidhi Kolhapur

In a recent discussion, analyst Larry Jones delved into the current state of the cryptocurrency market, focusing particularly on Bitcoin’s trajectory and long-term investment strategies. Jones opened up about several key indicators and his approach to navigating the market’s fluctuations.

Jones began by pointing out a crucial Bitcoin indicator suggesting a period of relative stability in the crypto space. He brought to notice the collapse of Bitcoin’s volatility risk premium (BRP), indicating a trend towards market calmness. This observation aligns with Jones’ earlier prediction of Bitcoin trading sideways for a while, which has largely materialized.

Moreover, Jones shared insights into Bitcoin’s potential price sustainability, referencing a target of $265,000. He cited Young Ju, founder and CEO of on-chain and market analyst firm Crypto Quant, who suggested that Bitcoin’s network fundamentals could support a market cap three times its current size compared to the previous cycle’s peak. This projection is based on a comparison of Bitcoin’s price to its associated hash rate, indicating increased market activity and investor interest.

The hash rate to market cap ratio, according to Jones, assesses the growth of mining activity relative to market capitalization. He explained that if this ratio continues to grow, it could potentially sustain Bitcoin’s price at $265,000. Jones backed his analysis with a chart illustrating the correlation between Bitcoin’s price, hash rate, and the ratio over time.

While discussing his personal investment strategy, Jones revealed his ongoing dollar-cost averaging (DCA) approach, particularly in altcoins and meme coins. He explained the importance of accumulating Bitcoin for the long term, considering its historical market cycles. Jones acknowledged the challenge of timing market phases but stressed the significance of accumulating during the mark-up phase, even if it requires patience and conviction.

Nidhi Kolhapur

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

Recent Posts

XRP Beats Ethereum for 6 Months Straight – Will XRP Become Next Largest Altcoin?

Ripple’s XRP, once seen as a slow mover in the crypto world, is now turning…

April 17, 2025

Chainlink (LINK) Price Prediction for April 17: Experts Insights and Analysis

Chainlink network is heavily bolstered by growing fundamentals and a positive regulatory outlook in the…

April 17, 2025

Dogecoin Squeezing Within a Decisive Phase-Here’s the DOGE Price Prediction for the Upcoming Week

Dogecoin has been among the top-traded tokens, which has been attracting enough liquidity, which has…

April 17, 2025

Solana Network Gets Major Boost from Coinbase and Robinhood:  SOL Price Bullish Reversal Ahead?

The overall cash inflows to Solana DeFi products have gradually grown in the past few…

April 17, 2025

Shytoshi Kusama Breaks Silence After 3 Weeks — Burn Rate Hit Low!

Shytoshi Kusama, the leader of Shiba Inu, has been quiet for nearly three weeks. But…

April 17, 2025

Ripple (XRP), Pi Network (PI), and 3 More Tokens You Can’t Afford to Miss in 2025

The crypto market is beginning to recover from the general market dip that saw the…

April 17, 2025