Renowned macro expert Lyn Alden recently suggested that Bitcoin (BTC) is poised to breach the $100,000 mark or even surpass it in the foreseeable future. Alden's projections are based on the current dynamics in the cryptocurrency market, particularly emphasizing the concept of supply shock and its implications on Bitcoin's trajectory.

In a recent Blockworks Macro interview, Alden elaborated on the prevailing supply shock scenario within the Bitcoin ecosystem. This phenomenon, characterized by a reluctance among long-term Bitcoin holders to sell their assets at current price levels, creates a scarcity that could potentially trigger a significant price rally. Alden underscored the correlation between this supply shock and the global liquidity influx, foreseeing a confluence of factors propelling Bitcoin towards six-figure valuations in the ensuing months.

Alden's optimism about Bitcoin's performance stems from his interpretation of various market indicators, suggesting that the cryptocurrency is amid a bull run. However, he maintains a longer-term outlook, projecting Bitcoin's trajectory over the next 18 months. Central to his analysis is the behavior of long-term investors, who, despite the allure of rising prices, exhibit a steadfast commitment to holding onto their Bitcoin reserves, thereby constraining the available supply in the market.

While acknowledging the finite nature of Bitcoin's supply, Alden also offered a cautious reminder based on historical patterns. Past cycles have shown that dormant Bitcoin reserves may resurface during periods of significant price appreciation, potentially influencing market dynamics. Nonetheless, Alden observed a notable deviation in the behavior of long-term investors during the current cycle, with comparatively subdued selling pressure observed, suggesting that Bitcoin may experience substantial price appreciation before encountering substantial selling activity.

Looking ahead, Alden remains bullish on Bitcoin's prospects, citing a favorable liquidity outlook that is conducive to sustaining demand for the cryptocurrency. He emphasized the pivotal role of higher prices in incentivizing long-term investors to divest their holdings, thus aligning with the prevailing market demand. Based on these factors and his analysis of market trends, Alden confidently predicts that Bitcoin will ascend to six-figure valuations within the next 18 months, asserting that any deviation from this trajectory would come as a surprise.