Quote from: Poker Player on Today at 04:22:11 AM

Quote from: BrewMaster on Today at 02:54:38 AM

do you think this is the start of the BIG rally and next bubble? what will be the peak? $1 mil?

Well, we are already in the rally, in the middle of the bull market and in a parabolic rise. I would expect a resistance around $100K because of the symbolic nature of the figure and because there is always resistance in that kind of round numbers.

But I think that in this cycle, given what we have seen, we can expect very high price increases, call it super cycles if you want, because everything points to the fact that there is going to be a state adoption and that Saylor's move is going to stimulate a lot of bitcoin adoption in companies for their reserves.

In this cycle I don't think we'll hit a million, I think $300K or $400K would already be a spectacular rise that we'd all sign up for right now.

I know that there have been these magical thresholds in the past where the price went back and forth. But I also think I recall thresholds where everyone thought we wouldn't break through easily and then Bitcoin's price just kept exploding. I agree that the $100k mark is of course kind of a different beast here, but $10k was taken back then like it was nothing and symbolically, $10k was at least as huge as is $100k today. These days all the institutional investors are on board and taking profit at $100k because someone afraid of Bitcoin dropping to $95k again makes less sense than thinking that Bitcoin could take a really hard hit around the $10k mark.

That's why I think that although $100k represents this magical barrier, it is rather because nobody ever thought we could even get close to it. But now that we are there, I don't think it's going to be much resistance.