Popular crypto analyst Willy Woo has made a bullish prediction about the future of Bitcoin. He believes that the top crypto could soon hit a total market capitalization worth $1 billion.
Woo is a partner in the Adaptive Fund crypto hedge fund, and has pioneered the technique of on-chain analysis for price finding. He invented the Network Value to Transactions Ratio metric, which is where he has drawn his latest evaluation of the BTC market from.
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In an interview with the Venture Coinist podcast, Woo claims that the investment flow flipped after the BTC price movement this time around, and he believes that institutional investment is leading the latest rally. The analyst predicted that the current cycle will get the price past $1 trillion. The next cycle would possibly be around 2026, when BTC could reach around $8 billion, before eventually breaking the gold market cap.
A $1 trillion market cap would mean that an individual BTC would be worth around $380k. This might seem ambitious, but it’s far from the most optimistic price prediction from a leading crypto commentator. Woo was also one of the analysts who managed to successfully call the BTC bottom, almost to the day, when it hit around $3.1k back in 2018.