According to market analyst Jordi Visser, the road to a new Bitcoin (BTC) history high continues with major revisions of more than 20%, including possible revisions in the fourth quarter.
According to Visser, Bitcoin is part of the AI trade, comparing BTC to NVIDIA. It is the world’s most valuable public company and first high-performance computer chip maker, achieving a $4 trillion valuation. Visser said:
“I just want to remind people that Nvidia has risen over 1,000% since the launch of ChatGpt. It’s been less than three years, with over 20% revisions on Nvidia, returning to the record high.
Nvidia’s stock performance is displayed as a price candle, while Bitcoin is displayed as a magenta line. Both have experienced sharp corrections despite being a bull market. sauce: TradingView
When artificial intelligence takes over more sectors of the economy and replaces human labor, it erodes traditional companies, makes stocks obsolete and drives investors to BTC.
Bitcoin prices are one of the most discussed and analyzed topics in crypto as market analysts seek to predict the price trajectory of digital currency in an era of rapid technological innovation, market turmoil, and fiat collapse.
Analysts are working on slow-moving Bitcoin performance
Market analysts are looking at gold, with stocks reaching a new high, but Bitcoin prices approaching the $110,000 level, down about 11% from their all-time high above the all-time high of $123,000.
Investors are split on whether a new high is possible in the fourth quarter, whether BTC will be split into about $140,000, or whether recent drawdowns represent the start of a long-term bare market where BTC could be reduced to $60,000.
https://www.youtube.com/watch?v=6g35ewcewum
The regulatory hurdles and the lack of progress in US Bitcoin Strategic Reserve, which grows through regular market purchases, have undermined the expectations of some analysts.
Previously, some analysts predicted that the US government’s purchasing BTC for the National Bitcoin Reserve would be the main price catalyst for digital assets in 2025.
