Glassnode and CryptoQuant Point to Bitcoin’s Massive Growth Potential—$145K to $1.7M Possible

• Reports from Glassnode and CryptoQuant suggest Bitcoin still has significant growth potential, with targets ranging from $145,000 to $1.7 million depending on market conditions.
• While Glassnode points to a potential 11,374% rise similar to past cycles, CryptoQuant offers a more conservative estimate based on capital inflows, projecting a price of $145,000 to $249,000 by 2025.

Bitcoin’s (BTC) price has been on an upward trajectory, and recent reports from market analytics platforms Glassnode and CryptoQuant suggest that this growth is far from over. Both platforms indicate that Bitcoin still has significant room for expansion, with potential price targets ranging from $145,000 to $1.7 million, depending on how the market continues to evolve.

Bitcoin’s Growth Echoes Past Cycles

The latest report from Glassnode highlights Bitcoin’s impressive performance following President Donald Trump’s inauguration, which helped Bitcoin reach a new all-time high of $109,000. This price surge has caught the attention of analysts, especially given the similarities to the token’s historical market cycles. Glassnode’s data points out that BTC’s current trajectory mirrors the price movements of previous cycles, specifically the 2015 to 2018 cycle.

#Bitcoin‘s current cycle continues to echo historical trends, particularly aligning with the 2015-2018 cycle.#BTC performance since the cycle low at the current stage of the cycle (no. of days since low):
2022 Cycle+: +630%
2015-2018 Cycle: +562%https://t.co/9YVv2m2I0p pic.twitter.com/vBSwC8qm5T

— glassnode (@glassnode) January 21, 2025

By examining data from Bitcoin’s past market cycles, Glassnode found that during earlier cycles, such as Genesis to 2011 and 2011 to 2015, Bitcoin experienced monumental price increases of 80.51x and 55.30x, respectively. The more recent 2015 to 2018 and 2018 to 2022 cycles saw more modest but still impressive growth rates of 2.80x and 3.31x.

Currently, Bitcoin’s growth in the ongoing cycle stands at 2.92x, closely tracking the 2015-2018 cycle. At this point in the 2015-2018 cycle, Bitcoin had already risen by 562%. Today, Bitcoin has seen a 630% increase, suggesting that there may still be substantial growth ahead. If BTC were to continue this upward trajectory and mirror the 2015-2018 cycle’s price rise, it could theoretically hit a staggering $1.7 million, assuming an 11,374% increase from the 2022 cycle low of $15,000.

However, while this potential growth seems enticing, such a dramatic rise is likely to remain out of reach due to the complexities of the market and broader economic conditions.

Realistic Targets from CryptoQuant

On a more conservative note, CryptoQuant’s analysis offers a more grounded outlook. They estimate that Bitcoin could reach anywhere between $145,000 and $249,000 by 2025, based on the realized cap multiplier, a metric that measures how Bitcoin’s market value reacts to capital inflows. This multiplier has historically ranged between 2 and 6 during bull markets, meaning that every $1 of new investment could push Bitcoin’s market value up by $2 to $6.

Using projected capital inflows of $520 billion by 2025, CryptoQuant calculates that Bitcoin could realistically achieve a price in the $145,000 to $249,000 range. This figure aligns with broader expectations for Bitcoin’s growth, considering the current macroeconomic environment and ongoing institutional interest.

External Factors Influencing Bitcoin’s Price

Market dynamics are also being influenced by rising interest in cryptocurrencies, particularly in South Korea. Analyst Joohyun Ryu pointed out the surge in crypto demand among South Korean investors, evidenced by the “Kimchi Premium,” which indicates higher local crypto prices. This increased domestic interest could further fuel Bitcoin’s rise. However, there are also potential risks, such as the rising unemployment rates in the United States, which have historically preceded recessions. These factors remind investors that while the outlook for Bitcoin is bullish, caution is still advised.

Currently, Bitcoin is trading at $104,637, experiencing a slight 2.82% dip over the past 24 hours. Despite this, its long-term growth potential remains undeniable, with both Glassnode and CryptoQuant indicating that the best may still be yet to come.