Post
Topic
Board Speculation
Re: What can we expect from this statement of Michal Slayer..
by
Beparanf
on 25/09/2022, 06:31:35 UTC
https://news.yahoo.com/bitcoin-could-return-68-000-135232771.html

Recently i came across this post Michael Saylor says Bitcoin could return to $68,000 within 4 years and hit $500,000 in the next decade..

The time line of 4 years seems very long... What's your opinion regarding this statement



Micheal Saylor is a Microstrategy and has been buying tons of bitcoin and just like everyother investors who have shares in other investments, they all talk and predict how far a price can go and they do that to ive confidence to others who have invested on similar thing especial now that there is fear in hear and there of bear market.
I think these are just specualations, but I think we will see $64k again because judging by that 4 years he stated, we would have seen another bull run after the next bitcoin halving, we all know what usually happens after that, bitcoin price will soar into another level.

Maybe and maybe not because it’s very hard to pump the price now at that level knowing that there’s a lot whale that trapped on 30K to 40K. Only new whale can make this price pump happened because retail investors will never fully commit on buying if there no major increase on volume coming from huge buy. But my concern is just new whales will surely know that there’s other whale like Microstrategy trapped and they will not allow to let there money become an exit liquidity from those trapped whales for a long time.