"In 2015, when I bought my first btc at $400, people said bitcoin was dead.
In 2019, when btc was $4000, I wrote the S2F article, calling for $55k btc. People said I was crazy.
Today, btc is $40k, and S2F model predicts $532k after 2024 halving. People say it is impossible."
https://twitter.com/100trillionUSD/status/1743944875819552899__
When I see posts like this, I understand that it’s time to sell Bitcoin. Otherwise, I don’t understand who will pay for this holiday of generosity.
Lol if you're selling just before the halving because one person is making crazy predictions then you have no idea what you are doing lol. Reminds me of the people a in 2019 and 2020 who were waiting for it to get back close to $20k to sell hahaha
I think the S2F model just fails to take into account diminishing returns and the fact that most people are still confused/scared/reticent and above all else misinformed about Bitcoin and so market cycles will get much smaller than they were last decade as the general public is only going to slowly be educated on bitcoin and it will take many years for the general public to slowly wade into owning bitcoin. $500k+ will obviously get hit in the future, but it's not gonna be this market cycle, it miiiiight be the top of the 2032/2033 cycle but will definitely pass it in the 2036/37 cycle (if that is the 4 year cycle hasn't entirely faded away by that point as halvings get far less important to supply).