Is bitcoin going to 5x ATH this bullrun?
BTC is done bleeding for now and things are starting to look good (except for the alts ofc).
Now since it broke the 6k wall and not a lot of people sold I assume most people are looking to dump their coins at 20k most likely.
Right now we need about a 300% BTC to get there. That's a 3x on your investment.
Compared to previous bullruns where it went 50x - 100x this doesn't seem like that much, so it got me thinking:
- Either things are starting to stabilize in the crypto scene and coins will get less volatile
- OR we're going to get another 10x - 20x and we will hit 100k this run.
Personally I really hope we get 100k because if that's the case the alts are going to make a lot of people really happy.
IMO, considering there's barely 0.25% of the world's population actively using cryptos and about 1% of them that barely heard about it the potential to go MOON is still there.
On the other hand institutional money is coming into the scene and I don't think that they'll resist to not dump at 30k and wait for the 100k mark.
Now I obviously have no idea what I'm doing and just like 98% of the people I'm hoping to get rich but to me it seems that this miiiiight actually kinda happen.
Unless alts go to shit and don't recover. That's going to make a lot of broke kids angry.
All that being said let's stay positive and we'll talk on the other side with mad gains lots of hookers and cocaine. Godspeed.