📊 VanEck Raises Bitcoin Price Estimate to $180,000, Independent Thinking to Address Bull Market Correction Risks
VanEck, as an active promoter of Bitcoin and one of the brokers for spot ETFs, has recently adjusted its estimate for Bitcoin's peak in this cycle, significantly raising the estimate to $180,000 per coin. This adjustment reflects VanEck's optimistic outlook on Bitcoin's future trends.
However, I believe that such an adjustment in estimates may not be meaningful. Historical experience tells us that as Bitcoin's price continues to rise and approaches its psychological level, market FOMO (Fear of Missing Out) may further drive up its initial price estimate.
In the context of the highly volatile Bitcoin market, the ability to maintain independent thinking is crucial. When a frenzied bull market arrives, driving Bitcoin's price to truly reach $150,000 or $180,000, market sentiment (FOMO) may peak once again.
But as a holder, you may become greedier at this point and lose your rationality, potentially developing the illusion that Bitcoin will not correct again. However, this overconfidence is often a precursor to risk.
Therefore, when Bitcoin's price reaches a high level and the risk is elevated, taking a certain proportion of positions for arbitrage may be a wise choice. This not only helps manage risk but also allows one to remain rational amidst market fluctuations.
Finally, what are everyone's thoughts on VanEck's Bitcoin estimate? How would you address risks in a bull market? Share your views and strategies in the comments section.
