$BTC

According to Cointelegraph, Timothy Peterson, an economist in the Bitcoin network, has increased the likelihood that Bitcoin (BTC) will reach a new all-time high in the next hundred days, maintaining his optimistic forecasts for 2025. In his analysis published on platform X, Peterson linked Bitcoin's price movements with 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 decreased from 55 to 25 over the last fifty trading days. A VIX index reading below 18 indicates a 'risk' environment, which is favorable for assets like Bitcoin. Peterson's model, which has a tracking accuracy of up to 95%, predicts a target value of $135,000 for Bitcoin if the VIX index remains low. These forecasts align with Bitcoin's sensitivity to market sentiment, as a decrease in the VIX index reduces uncertainty and encourages investment in high-risk assets. Jurrien Timmer, Global Macro Director at Fidelity, offered insights on Bitcoin's volatility, comparing it to the story of 'Dr. Jekyll and Mr. Hyde.' Timmer emphasized Bitcoin's dual role as a store of value (Dr. Jekyll) and a speculative asset (Mr. Hyde), distinguishing it from gold, which remains classified as 'stable currency.' He highlighted the interaction between Bitcoin and the global money supply, noting that when the money supply (M2) grows and the stock market experiences an increase,