Adam Back said that BTC will reach a 7-figure this cycle when the U.S create a BTC strategic reserve.
Crazy times ahead.
that would be too much escalation for all the OG grandpas here... that being said, there are worse deaths than heart attacks while f*cking supermodels with blow trickling out of one's nose
I am not sure.
It seems Back means that by this cycle, then we would get to $1 million plus by the end of 2025 or perhaps early 2026, so that is around 11x from current BTC prices. That is a lot, but those are still not crazy numbers, including what has been done in previous cycles.
Yeah, right now we are already 30% above the 2021 ATH.. so it is more difficult to use current prices as our jumping off point.
Maybe if we used $27k as our jumping off point, then $1 million would be 37x .. and yeah, I am a bit bothered by peak prices anyhow, especially since it may well be difficult to sustain something like $1 million, yet it becomes more difficult to correct back below $200k or so too.. so maybe the most we would get is a 60% to 70% correction as some kind of a spike and maybe not sustainable downity.. .. but yeah, it is difficult to know... .. even my 0.63 plus bitcoin would be doing pretty good at those levels of BTC prices.
It may be that with the ETFs and WS being here, the sell-offs after cycle peaks get softer (-65% max), and that the price surge is also not that extreme and more prolonged (slowly grinding up).
This could be the beginning of 4y cycles changing or disappearing as such
