$BTC According to Cointelegraph, Timothy Peterson, an economist at the Bitcoin network, has increased the likelihood of Bitcoin (BTC) reaching a new all-time high within the next hundred days, maintaining his optimistic predictions for 2025. In his analysis published on platform X, Peterson linked Bitcoin price movements to the Chicago Board Options Exchange Volatility Index (VIX), which measures market volatility expectations over a 30-day period. He noted that the VIX index has dropped from 55 to 25 over the past fifty trading days. A VIX index reading below 18 indicates a 'risk-on' environment, which is favorable for assets like Bitcoin. Peterson's model, which boasts a 95% tracking accuracy, predicts a target value of $135,000 for Bitcoin if the VIX index remains low. This prediction aligns with Bitcoin's sensitivity to market sentiment, as a declining VIX index reduces uncertainty and encourages investment in high-risk assets. Jurrien Timmer, Director of Global Macro at Fidelity, provided insights into Bitcoin's volatility, likening it to the story of 'Dr. Jekyll and Mr. Hyde.' Timmer highlighted Bitcoin's dual role as a store of value (Dr. Jekyll) and a speculative asset (Mr. Hyde), distinguishing it from gold, which is still classified as a 'fixed currency.' He emphasized the interaction between Bitcoin and the global money supply, noting that when the money supply (M2) grows and the stock market experiences a rise, Bitcoin tends to perform well due to its dual characteristics. However, when the money supply (M2) grows and stocks correct, Bitcoin's performance becomes less predictable. This underscores Bitcoin's sensitivity to macroeconomic conditions, making its performance less stable compared to gold.