Looking at this Bitcoin Logarithmic Growth Curve Chart, the price of Bitcoin will reach $1 million by 2026. This price target is also in confluence with the Stock-to-flow model of Bitcoin reaching $1 million by 2026. The 2024 Halving will cut supply of Bitcoin from 6.25 to 3.125 Bitcoin per block and this supply shock will push Bitcoin to new price discovery. By 2024 Bitcoin's stock to flow ratio will be higher than Gold making Bitcoin the more scarcer asset.
At times like this ( 05/24/2021) when the crypto market seems to be crashing and heading into another 3 years long bear cycle. Zoom out and look at the bigger picture. Valhalla is waitng for us Apes.
Disclaimer - Not a financial advice.
At times like this ( 05/24/2021) when the crypto market seems to be crashing and heading into another 3 years long bear cycle. Zoom out and look at the bigger picture. Valhalla is waitng for us Apes.
Disclaimer - Not a financial advice.