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Renowned analyst James Wynn recently put forward a bold view: Bitcoin could double within 60 days, with a target price of approximately $175,000. His reasoning is as follows — currently, stocks, real estate, and precious metals are all at historical highs, and investors in these traditional assets might shift some funds into BTC in search of a breakout. Notably, BTC has previously fallen from $120,000 by 35%.
However, recently, such bold predictions have indeed become more common in the market. Various analysts have spoken out in turn, some with certainty, some with vague logic, and the quality varies greatly. Many investors feel that some of these predictions sound like psychological venting from losers, lacking genuine market logic support. Whether it is institutional investment inflows, rebalancing of traditional assets, or purely emotional driving forces, actual data is needed for verification.