Serbia’s Prince predicts major Bitcoin surge due to its deflationary nature

Serbia’s Prince Filip Karadordevic claims Bitcoin’s growth is being artificially suppressed by big market players. In an interview with Simply Bitcoin, the royal insisted the cryptocurrency’s deflationary nature will inevitably send its price skyrocketing.

Karadordevic also backed the theory put forward by Jan3 CEO Samson Mow. According to his prediction, once Bitcoin surpasses $100,000, its price will start climbing by $10,000 per day, followed by daily increments of $100,000. 

Bitcoin has gained 9% over the past week, while US Bitcoin ETFs attracted over $2.2 billion in just three days leading up to April 23. According to Bitfinex analysts, the current rally is being driven by favorable macroeconomic conditions combined with growing expectations of monetary policy easing from the US Federal Reserve.

However, JPMorgan analysts warn of significant downside risks, pricing in a 60% probability of a US recession in 2025 amid escalating trade tensions with China. The bank cautions this scenario could put the brakes on Bitcoin's rally.