In this bull market, where will BTC go?
Looking back on the 21-year bull market, BTC soared from 3,800 to 69,000, an increase of 15 times! ETH also jumped from 90 to 4900, it was like riding a rocket! Not to mention the altcoins, which have increased hundreds of times or thousands of times. The bull market in the currency circle has really created one myth after another of getting rich!
So, what about this bull market? A bold prediction is that BTC may rise to about 125,000, ETH may reach 10,000, and those high-quality altcoins will generally increase by more than 20 times, and there may even be coins that are 100 times higher!
Why is it so predicted? There are several reasons:
1--History is always surprisingly similar. In every bull market, BTC soars. This time, starting from the lowest point of 15,600, even if the increase is not as high as before, it is still 7-8 times. This is like carving a boat to find a sword. Although the method is a bit clumsy, it is still a reference!
2--The mining cost of BTC is also an important reference. After the last round of halving, the mining cost of BTC was about 12,000, and finally rose to 69,000. After this halving, the mining cost of BTC is about 30,000, so a 4-fold increase will be 120,000!
3--In addition to reviewing history, we also need to look at data! The current overall market value of the currency circle is only about 1 trillion, while the total market value of gold is 13 trillion US dollars. There are so many traditional institutions coming in this round, such as BlackRock, Castle Securities, etc., all with a scale of trillions. In addition, the popularity of the currency circle is also increasing, so this bull market must be super bullish! It is predicted that the peak market value of BTC will reach 5 trillion, which is 1/3 of the total market value of gold! Isn't this too much?
So, do the math based on the data above:
2.5 trillion US dollars / BTC circulation (actually less than 20 million) = 125,000 US dollars / BTC
How about it? Do you think this bull market is worth looking forward to? But don’t worry, after all, this is just a prediction! The real increase depends on the market's attitude. But one thing is for sure: if you seize the opportunity in the bull market, you can make a lot of money!
