2023-12-30 10:48:05
Senior analyst Jamie Coutts earlier predicted that by 2025, the market value of cryptocurrency will grow to account for 20% of the overall market value of global technology stocks.
(Previous summary: Bitcoin fell below 42,000 magnesium! Miners continued to sell, and BTC reserves fell to 1.83 million, a six-month low)
(Background supplement: Bitcoin will fall if the spot ETF passes the test! CryptoQuant: BTC may backtest 32,000 mg, and investors and miners will take profits)
Bitcoin (BTC) prices are up more than 150% year-to-date, and the overall cryptocurrency marketMarket valueIt reached US$1.6 trillion, an annual increase of more than 110%, reflecting the Bloomberg recovery of the currency market this year.
Regarding this current situation, Jamie Coutts, who has served as an analyst at Bloomberg Think Tank for nearly ten years and now focuses on blockchain, published an article on X today and pointed out:
It is expected that technology stocks will account for 25% of the total global stock market by the end of 2025, a number that has more than doubled in the past decade.
The market value of cryptocurrency is expected to account for 20% of the technology stock market value in 2025, growing 5 times in 5 years.
He also said that he believes that technology and cryptocurrencies should become the largest 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 more money! Marathon Digital’s stock price has risen 800% year-on-year, and its trading volume has surpassed Tesla and Apple…
#Tech is on track to be 25% of total global equity market by the end of 2025. That’s a doubling in the past decade. #Crypto is on track to be 20% of Tech’s mkt cap by 2025. That’s a 5x in 5 years.
I don’t see why Tech & Crypto shouldn’t’ve be the biggest overweight in… pic.twitter.com/kCpRC2j6Tq
— Jamie Coutts CMT (@Jamie1Coutts) December 28, 2023
The copycat season will arrive within 1 to 1.5 years of next year’s Q2 low
Just in the middle of this month, Coutts also commented that altcoins are currently breaking out upwards, but the market is still dominated by the rise of Bitcoin, but the transition to altcoin season seems to be approaching, considering that next year Bitcoin spot ETF will lead to a large number of Capital flows, so the cycle of this transformation may take longer. He predicts that the copycat season will arrive within 1 to 1 and a half years following the cycle low in the second quarter of 2024.
We will see some clear long-term winners emerge from this cycle, L1, L2 altcoins and dApps with product/market fit and growing adoption. Blockchain adoption is on a structural upward trend. fasten your seatbelt.
While #altcoins are breaking out from their basing pattern, it is still a #Bitcoin dominant market. Yet, the shift towards #Altseason feels imminent.
Considering the significant capital flows expected from $BTC ETFs next year, maybe it takes longer this cycle. Usually altseason… pic.twitter.com/Y3dl2f7Kwl
— Jamie Coutts CMT (@Jamie1Coutts) December 14, 2023
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Tags: Jamie CouttsCryptocurrencyMarketCapBitcoinTechStocks
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