Senior analyst Jamie Coutts previously predicted that by 2025 the cryptocurrency’s market value will grow to represent 20% of the overall market value of global technology stocks.
(Previous summary: Bitcoin fell below 42,000 magnesium! Miners continued selling and BTC reserves fell to 1.83 million, a six-month low)
(Basic Supplement: Bitcoin Will Fall If Spot ETF Passes Test! CryptoQuant: BTC Could Backtest 32,000mg & Investors & Miners Will Profit)
The price of Bitcoin (BTC) has increased by more than 150% this year, and the market value of the entire cryptocurrency market has reached $1.6 trillion, an annual increase of more than 110%, reflecting the recovery of currency by Bloomberg. market this year.
As for the current situation, Jamie Coutts, who has worked as an analyst at Bloomberg Think Tank for almost ten years and now focuses on blockchain, published an article on X today and highlighted:
Technology stocks are expected to account for 25% of the total global stock market by the end of 2025, a figure that has more than doubled over the past decade.
The cryptocurrency market value is expected to account for 20% of the tech stock market value in 2025, growing 5x in 5 years.
He also said he believes technology and cryptocurrencies should become the most important holdings in the investment portfolio for at least the next 1 to 2 years, until the liquidity cycle changes.
Extended reading: Buying Bitcoin mining companies makes you more money! Marathon Digital’s stock price is up 800% year-over-year, and its trading volume has surpassed Tesla and Apple…
#Technology it is on track to reach 25% of the total global stock market by the end of 2025. This is a doubling in the last ten years. #Crypto is on track to reach 20% of Tech’s market cap by 2025. That’s 5 times in 5 years.
I don’t see why tech and cryptocurrencies shouldn’t be the biggest overweights in… pic.twitter.com/kCpRC2j6Tq
— Jamie Coutts CMT (@Jamie1Coutts) December 28, 2023
The imitation season will come within 1-1.5 years of next year’s second quarter low
Just in the middle of this month, Coutts also commented that altcoins are currently exploding higher, but the market is still dominated by Bitcoin growth, but the transition to altcoin season seems to be approaching, considering that next year the ETF spot Bitcoin will lead to a large number of capital flows, so the cycle of this transformation may take longer. He expects the copycat season to arrive within 1-1.5 years after the bottom of the cycle in the second quarter of 2024.
We will see some clear long-term winners emerge from this cycle, L1, L2 and dApp altcoins with product/market fit and growing adoption. Blockchain adoption is on a structural upward trend. fasten your seat belt.
While #altcoins are moving away from their basic model, it’s still a #Bitcoin dominant market. Yet, the shift towards #High season seems imminent.
Considering the significant capital flows expected from $BTC ETFs next year, maybe it will take longer in this cycle. Usually high season… pic.twitter.com/Y3dl2f7Kwl
— Jamie Coutts CMT (@Jamie1Coutts) December 14, 2023
📍Related reports📍
No FOMO! 5 big data shows that the market is still in the “early stage of the bull market” and the imitation season has not yet arrived
Bitcoin Spot ETF Switch Deduction: BTC peaked slightly and then crashed. It is difficult to start a bull market if the three conditions are not met.
Bitcoin looks to reach $250,000 in 2024! Tim Draper, the godfather of Silicon Valley venture capital: BTC’s potential is comparable to that of Microsoft
Tags: Jamie CouttsCryptocurrencyMarketCapBitcoinTechStocks
2023-12-30 10:48:05
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