Originally posted on lifestylemaniacs.com
According to the Blockchain center, we are not in altcoin season, and of course, we are in Bitcoin season.
We can see this by looking at Bitcoin’s performance in the last two weeks (50% up). Now, Bitcoin has surpassed its all-time high and will most probably not stop here.
According to PlanB’s stock-to-flow model, the worst-case scenario for Bitcoin this year is $78.000. PlanB’s predictions have been damn right until now.
Looking at the previous bull markets from 2013 and 2017, Bitcoin reached ten times and five times, respectively, the stock-to-flow model ($1.180 instead of $166 and $20.000 instead of $4000).
If we follow the same pattern for this bull market, Bitcoin should have a 2.5 times higher price than the stock-to-flow model, which is 200.000 (ten times than previous bull market peak), the most optimistic price for this bull market.
Rest assured that we will see two or three corrections until we reach the highest price for this bull market.
Bitcoin going to $1.000.000 will happen in 8 years, a.k.a. in the following two bull markets.
It doesn’t matter what price Bitcoin will reach. What we need to know and trust is that Bitcoin will go up in the next ten years. It will outperform any other relatively safe asset, like S&P 500 and Gold.
Of course, if we are talking about Ethereum, Cardano, Solana, Polkadot, and Terra, they will outperform Bitcoin but with a higher risk.
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Disclaimer: I am not a financial adviser and don’t recommend investing in anything as nothing is guaranteed. Everything I write on the topic is for informational and educational purposes only. Always do your research.
