For those calling for $200k on Bitcoin by the end of the year, here are a few facts to consider:
1. We are still about $80,000 away from $200k (basic math).
2.. There are about 90 days left in the year (roughly 60 when the CME is open).
3. Bitcoin would need to average a daily move of $850 with virtually no pullbacks or periods of consolidation (very unlikely).
4. Bitcoin rarely sustained that pace of appreciation over a 3-month period, even in its strongest bull runs. Only a couple examples pre-2018.
5. As price increases, market cap growth becomes exponentially harder, requiring billions in fresh capital inflows as new sellers are unlocked between (150k and 190k)
.@dotkrueger
62.91K
595
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.