Disclaimer

These are personal readings - do not base financial decisions on them until you have done your own research.

If you are a beginner in trading - this is not your place

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Why we can see BTC Price > 100k$?

Size of the global economy:

World: $107,800,000,000,000

Cryptocurrency market share of the global economy:

As of November 14, 2023: The total cryptocurrency market share of the global economy is 0.8%.
As of November 14, 2023: Bitcoin's dominance of the cryptocurrency market is 42.5%.
With the increasing growth of the cryptocurrency market share of the global economy:

The price of Bitcoin is constantly doubling in a sequence. (Do not look at the unnatural jumps and spikes in the chart growth resulting from market manipulation - just read the price timeline on a yearly basis from 2011 to now.)
Therefore, I expect to see Bitcoin prices exceed $100,000 and double towards a number that is proportional to the cryptocurrency market share of the global economy.



For Alt Coins in 2024:

LTC > 90$
ETH > 4000$