Agreed it's a very conservative estimate given the action we have seen recently. I believe end of December, early January there will be another massive pump, particularly around the time Donald Trump becomes the president again in the united states.
It's very laughable that currently $100,000 per Bitcoin is a "conservative" estimate, because last and the other cycle there were a handful of people who were "estimating" six digits per Bitcoin and most of the people found that laughable.
Plus with the current price movement, and with more people merely now understanding the possibilities, if you tell them SEVEN digits, they would believe it would be a possibility. Does that mean Bitcoin is going to EIGHT digits?
🤔
We just need to think clearly with metrics from the previous cycles in mind - that's it.
I don't see pumps at all from Trump and his inauguration, instead, we may see a relatively small dump in price or a big correction, and after it, the liquidity will flow towards BTC again to continue the rally and break the ATH.