Re: Give me your predictions for the next long term peak, and why.
Wanna see people's predictions for Bitcoin's next peak, presumably around a year from now or sometime in 2022 - whenever this market cycle comes to a close. And give your reasoning behind your prediction, and not just "cuz I think so".
I have a most likely prediction and a high prediction.
I have a most likely prediction and a high prediction.
Extrapolations of the past couple cycles (based on extension beyond the previous ATH) puts it at $300-$700K. I think it's reasonable to be conservative and aim for the lower end of the range, $300-$400K.
However, I also wouldn't rule out 7 figures in a blow off top, in the S-curve/mass adoption scenario.
If we keep this peak multiplier halving going for this cycle then the next peak should be around 8.5x the previous peak, or around $170k, so that is my super high prediction based on past two cycles relative to one another.
Seems a tad too predictable.
