Acclaimed crypto analyst Miles Deutscher has unveiled his prediction for the future of Bitcoin (BTC), forecasting that the leading cryptocurrency will attain a fresh all-time high (ATH) between the third quarter of 2025 and the first quarter of 2026.
In an in-depth commentary disseminated on social media, Deutscher recognized the prevailing obstacles in the crypto market but advised investors to keep an eye on the larger macroeconomic trends that could instigate a significant surge in BTC value. “Yes, it’s painful right now but I think people are missing the bigger picture and the eventual rally will be bigger than ever,” Deutscher proclaimed.
Deutscher’s forecast is underpinned by several macroeconomic and geopolitical factors which he anticipates will conspire to propel Bitcoin’s value upward in the coming 12-18 months.
Firstly, the analyst cited US President’s economic strategy. Deutscher believes that the current administration’s economic policies are designed to inflict transient damage to the US dollar and yields, a situation that the markets are currently digesting.
Secondly, Deutscher pointed to the possible effects of tariff-imposed Treasury dynamics. He proposes that potential tariffs could diminish foreign demand for US Treasuries, thus promoting domestic absorption. This, in turn, could notably impact global liquidity, a factor to which BTC is extremely reactive.
Thirdly, he referred to the sentiment of an impending recession. Although markets may decline on recession anxieties, Deutscher reminds that history indicates that once a recession is officially announced, markets typically start pricing in quantitative easing measures from the Federal Reserve.
Lastly, Deutscher anticipates the Federal Reserve to eventually slash interest rates, potentially setting the stage for a fresh wave of quantitative easing in 2026. However, he emphasized that other liquidity tools, such as repo operations, the Bank Term Funding Program (BTFP), and Treasury purchases, could wield more significant influence in the short term.
Shifting focus to altcoins, Deutscher proposed that superior-quality projects will likely echo Bitcoin’s trajectory, finding a bottom before initiating a gradual recuperation. He cautioned that inferior-quality assets may not endure the current tightening cycle and suggested that the much-anticipated “alt season” will probably only ensue after BTC has reached its peak.
Deutscher’s insightful and comprehensive analysis serves as a valuable guide for investors navigating the choppy waters of the crypto market. However, it is crucial to remember that his words are not investment advice, and personal research and caution are imperative when dealing with the unpredictable world of cryptocurrencies.
