Bitcoin's long-term bull case is getting louder in published research this week — and the arguments are converging from two different angles.
One camp of analysts frames Bitcoin's *disruptive identity* as the core thesis. The failure of the Clarity Act, in this view, is a feature rather than a bug: it keeps Bitcoin insulated from regulatory capture. These researchers also point out that BTC has kept rallying despite higher yields and legislative setbacks — a sign of underlying strength.
A separate strand of recent research anchors the bullish call in what it calls the secular debasement trade: persistent fiscal deficits, repeated cycles of monetary intervention, and growing skepticism about fiat currency. That work puts a two-year price target of $200,000–$300,000 on Bitcoin, argues BTC looks cheap measured in gold, and notes that drawdowns have been getting shallower — which the authors read as maturing adoption. The main risk flagged is credible fiscal tightening by governments, viewed as unlikely.
The $200K–$300K target is the most specific number on the tape today.