I was looking at the chart we briefly got under 49k in august.
Is that like the dip to 3.9k in march of 2020. if it is
49/3.9 = 12.56x
which means we are going to reach 860k sometime in 2025
that would be pretty fucking good.
Many ways to calculate the top...yours is one of them.
Jack Mallers (of Strike) said 250K-1000K, so yours is in that range.
I cannot find his recent vid, but here is almost the same range:
https://www.youtube.com/watch?v=5S2KkUtknygTo me, 860K is bonkers...many people would be at least rich-lite (or well off) with just 3 btc.
My current projection is still 216K (which is 13.75X from the low or 15.7K)-based on gradial decrease in trough to peak.
But...re-acceleration is possible and 860K doesn't sound silly.
the most pertinent question would be: how bitcoin would react to higher inflation-similar to a risky asset (down) or as an inflation hedge (up).
I hope for the latter, but not sure. In 2022 bitcoin declined together with the "risk" assets in the face of then rising inflation and hawkish Fed.