CRYPTO CORNER EPISODE 678

Market Analysis, Updates, News & Reviews

In today's episode I discuss the infamous 5.3x Theory, according to which, Bitcoin is seeing diminishing returns by the power of 5.3 with each cycle. The theory claims that BTC will NOT reach $100k this cycle and in fact, it will be another decade before we see Bitcoin break out of a downtrend and get above $100k. But how can this be true when everyone else is screaming $1million by 2030?
In a few words, the theory takes into account the ROI (in percentage) from the previous bull run (from market bottom to market top) and divides that by 5.3, then takes that number and projects it from the current market bottom to find where the next top will be. This way, the diminishing returns of BTC are looking rather scary and this results in Bitcoin reaching a bleak $80k price tag for the top of this market. 

example: ROI of Bitcoin's last bull run was around 2250%
Divide that ROI by 5.3 and you end up with 424% return in this bull run.
Take the market bottom in Dec 2022 of around $15,600 and project 424% from there, and you get $81,000 - this is supposed to be the next market top for Bitcoin.

In my video below, I scrutinise the theory, which is being proposed by a guy called Steve (no surname), from a Youtube channel Crypto Crew University who posts predominantly click-bait videos with bold claims for clout and to promote their paid courses. I watched several of his videos where he talks about his theory being based on hard facts and math that is undeniable. Except... not quite so. I see a flaw in the theory and I explain in my breakdown why I don't buy into his claims. Also, I show you a very precise indicator, that so far has accurately predicted every cycle top in Bitcoin since 2013, so this is really all you need, if you're going to time the market and look for that exit point to save yourself from the next bear cycle.

►Take a look:

☝These are my opinions, not financial advice, always DYOR.

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⚠️ DISCLAIMER ⚠️

The information contained in this video is for informational purposes only. Nothing herein shall be construed to be financial or legal advice. The content of this article reflect solely my own opinions. Purchasing cryptocurrencies poses considerable risk of losses.

This information is what was found publicly on the internet. This information could have been doctored or misrepresented by the internet. All information is meant for public awareness and contains what is already in the public domain. Please take this information and do your own research.