#Bitcoin Hereโs a paraphrased version of your Binance post:
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#Bitcoin at $120,000? ๐ธ๐ ๐
During the first bull run, when Bitcoin hit $64,000, a single Bitcoin could buy both a luxury apartment and a luxury car in my country. Now, with Bitcoin around $67,000, it can only buy either a shoddy house or car, but not both.
Based on my previous calculations, Bitcoin would need to be at least $120,000 to maintain that purchasing power equivalence. Something seems off; it feels like there's an effort to buy our Bitcoin at lower prices. Regardless of market conditions, any fraction of Bitcoin in my wallet should be worth no less than $120,000.
Currently, Bitcoin is around $67,000, and last year it was at $20,000. Thus, in case of sudden drops, small investments should be made incrementally. #BTC #Bitcoin
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