Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Biodom
on 28/03/2021, 18:13:16 UTC

There won’t be any drop from $400k to $300k:

“It’s going up forever Laura”

Just short-term, man, just short-term!

https://youtu.be/W2Ct0ouRooY

She sounds a bit forcibly naive sometimes, probably striving for journalistic "objectivism", but Saylor sounds a bit funny too.
He is probably frustrated by the fact that every time btc drops in a fiscal quarter, he would have to report some asset impairement/depreciation.
LONG term, he is absolutely right (to a degree of still being within sane number aka less than all funds in the world), but saying that it will go up forever is an obvious exaggeration.
that said, it would be interesting to see if cycles would not have much effect after 2025. I am reasonably sure that we would have at least one more or less "classical" cycle to look forward to.