Pi Network remains in a price-discovery phase after its recent mainnet launch. After initially rising to $2.98 on February 28, the token has crashed to $1.8, mirroring the price action of other altcoins. Pi coin’s future is still uncertain, but the odds are that it will perform as other altcoins do, where it follows Bitcoin’s price action. This article explores how high the value of Pi will get if Bitcoin price hits $200k.
Pi Network Price Would Rise if Bitcoin Jumps to $200k
Bitcoin price has done well since its inception in 2009. In this period, it has jumped from less than $1 to $90,000 today. With its fundamentals improving, there are chances that it will surge to $200,000 over time. It needs to rise by 122% to get to that level, an achievable scenario since it has risen by 220% since September 2023.
These fundamentals are the rising demand and falling supply. Bitcoin demand has jumped in the past few years, as evidenced by the growing assets in spot ETFs These funds have added over $40 billion in about 15 months, and the trend will continue.
BTC demand will rise if the US successfully launches Strategic Bitcoin Reserves. Such a move will likely push more countries and companies to acquire Bitcoins for their reserves. This demand is rising at a time when Bitcoin mining difficulty has jumped, making them rare.
A Bitcoin price surge to $200K would lead to more gains among altcoins, including Pi Network, which has become a highly popular coin. Historically, altcoins like Solana, Cardano, and Litecoin thrive when Bitcoin price rises.
Pi Coin Price Outlook if BTC Hits $200K
Pi Network would likely outperform Bitcoin if it surged to $200,000 because of the potential catalysts. First, there is a likelihood that Pi coin will receive numerous exchange listings like Binance, Coinbase, and Upbit. Such a move would make it available to millions of customers. In most cases, cryptocurrencies do well when they are listed by tier-1 exchanges.
Second, there is a likelihood that one or more companies will file for a spot Pi ETF, a move that would boost its price. Also, as a Made in USA cryptocurrency with substantial utility, there is a likelihood that it will be added in strategic crypto reserves.
Bitcoin trades at $90,000, meaning that it needs to rise by 122% to get to $200,000. If Pi Network price does the same, it means that it will get to almost $4. And since Pi coin will likely have more gains than Bitcoin, meaning that a jump to $5 is a possibility. In the long-term, there is a likelihood that Pi coin price will hit $100.
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