Written to ruffle feathers. His price prediction based on exponential decay has been realized BEFORE the halving. I reason that he’s comparing apples to oranges.
A braver position to take than it might seem, since BTC has undeperformed even T-bills and German stocks since the 2021 peak.
Even where I work, I see cis-white-males now lying about their sexuality and stating they are gay (or bisexual if married to a female), just so they don't have to worry so much about their jobs due to DEI quotas and other penalizations. Now just think about that for a minute. All this wokenomics has gone rapid-fire after being pushed the last few years by Blackrock's Woke ESG indexing. Mr. Fink even brags about this, and having the power to FORCE society to change. If he has the power to do this in such a short amount of time, imagine the outcome of Bitcoin since he has stated clearly it's the best performing asset and the future... Betting against Fink is like betting against the Fed. There are many who tried to fight the fed, and look at where that got them.
We're still in a bull market and bitcoin price has not peaked for this cycle My personal guess is that bitcoin will hit $500k by late 2025/early 2026 but I believe $1M is possible
$1M is possible, but I could also state that aliens landing on Earth is also possible. How likely is bitcoin to go there if the world is adapting to gold-backed BRICs by that time? This would cut a big leg out from under Bitcoin. Now, not to get ahead of ourselves, I'm not saying that it would be fully legit. Let's just say... I can easily imagine a few scenarios where those eastern dictators will find it irresistible to secretly start to dilute some of the world's currency...
I’m measuring peak-to-peak. ‘Cherry-picking’ would be doing literally anything else. From the 2021 peak to the recent peak (which may be exceeded next week, years from now, or never) BTC has seen a far greater DD and a far weaker net advance than a variety of boring old-line assets - including gold. That’s relative weakness, and there’s nothing subjective or open to interpretation about it.