JUST IN: Bitcoin miners have borrowed $4B against their equipment - Bloomberg 😳
Bitcoin will get to $250K “by late 2022 or early 2023" says Tim Draper.
Source:https://twitter.com/BTC_Archive/status/1540723317790937090
Late 2025
Maybe, but i feel like you can only predict the price, but not the time.
$250K...very possible. Time? Who knows.
However, I saw a strong argument from B. Cowen that most likely price at halving in 2024 is around $40K.
Is it too low? Maybe, but entirely within the historical precedent after a bear market.
If around 40K at halving, then 250K (or 150-300K) in 2025 is doable.
In 2020 bitcoin traded around 9K at the halving and ATH was 67.6K (on the daily close basis), so it is a 7.5X move.
40KX7.5=300K. Subtract for lower bump (diminishing returns) and 150K-300K should be attainable.